Chapter 32: Living standards

Question 1

Human Development Index (HDI)

Answer 1

A measure of living standards which takes into account income, education and life expectancy

Question 2

Genuine Progress Indicator (GPI)

Answer 2

A measure of living standards which takes into account a variety of indicators including income, leisure time, distribution of income and environmental standards

Question 3

Purchasing Power Parity (PPP)

Answer 3

An exchange rate based on the ratio of the price of a basket of products in different countries

Question 4

Gender Inequality Index (GII)

Answer 4

A measure of gender inequalities in terms of reproductive health, empowerment and labour market participation

Question 5

Happy Life Expectancy Index (HLEI)

Answer 5

An index which multiplies life expectancy by a happiness index

Question 6

Gross National Happiness

Answer 6

A measure of living standards which includes a wide number of indicators including income, psychological wellbeing, education and ecological diversity