Development Flashcards
1
Q
What does GDP stand for?
A
Gross Domestic Product
2
Q
problems with Gdp?
A
The majority of the wealth may just be in the hands of a couple billionaires
Instead of spending money on helping the country they could spend it on weapons
3
Q
What is HDI?
A
The HDI index is a social measure of development that tries to overcome some of the problems of economic measures of development.
4
Q
What does HDI stand for?
A
The Human Development Index
5
Q
How is HDI different from GDP?
A
Because GDP takes into account;
the amount of money per person averaged out
while HDI takes into account:
The life expectancy
the education of people
The income of people
