4.3 Emerging and developing economies

Question 1

4.3.1 A)
What does HDi stand for

Answer 1

Human development index

Question 2

4.3.1 A)
What are the 3 dimensions of the HDI

Answer 2

Health, education and standard of living

Question 3

4.3.1 A)
How is standard of living measured.

Answer 3

Based on income, relative, absolute poverty.

Question 4

4.3.1 A)
How is education measured.

Answer 4

Mean schooling time

Question 5

4.3.1 A)
How is health measured.

Answer 5

Life expectancy at birth

Question 6

4.3.1 A)
How are the 3 dimensions of HDI used / cominded

Answer 6

all three have equal weright and a mean is taken closed to 1 greater level of development.

Question 7

4.3.1 B)
ADV of HDI

Answer 7

Easy to calc

Question 8

4.3.1 B)
DADV of HDI

Answer 8

health takes no notivce of qual of life.
edu doesnt take into account quality or success of education.
std of living takes no account of equality of income or freedome from corruption.

Question 9

4.3.1 C)
Other indicators of development.

Answer 9

IHDI
multidimension poverty index
genuine progress indicator

Question 10

4.3.1 C)
Other indicators of development.
IHDI

Answer 10

inequality human development index takes into account inequality but has the other Dadv of normal hdi

Question 11

4.3.1 C)
Other indicators of development.
multidimension poverty index

Answer 11

measures percentage of population that is multidimensional poor, uses health child mortality, nutrition and sanitization. It highlights poverty and inequality however, data not always available.

Question 12

4.3.2 A)
Impact of economic factors in different countries.

Answer 12

primary product dependency
volatility of commodity prices
savings gap: Harrod
Domar model
foreign currency gap
capital flight
demographic factors
debt
access to credit and banking
infrastructure
education/skills
absence of property rights

Question 13

4.3.2 A)
Impact of economic factors in different countries.
primary product dependency

Answer 13

Including agriculture and mining
can be issue cos natural disaster can wipe production,
have no income elasticity so not much opp for dd to inc.

Question 14

4.3.2 A)
Impact of economic factors in different countries.
saving gap

Answer 14

Devloping country have lower income thus saving less this mean kess money for bank to lend, reducubg borrowing reduce investment/ consumption.

Question 15

4.3.2 B)
impact of non economic factores

Answer 15

corruption
disease
poor climate, geography
civil wars.