Economic development

Question 1

What is HDI

Answer 1

HDI is the human development index it is a measure of people’s quality of life using 3 indicators
1. GNI per capita
2. Education
3. Life expectancy
And in recent years a 4th indicator has been added
4. Gender equality

Question 2

How do you calculate gross national income ( total income of the people of a country )

Answer 2

GNI
GNI per capita —————————
Size of population

Question 3

What are the 3 types of countries

Answer 3

Developed countries
Quickly developing countries
Slowly developing countries

Question 4

Factors of a developed county

Answer 4

High levels of economic activities
Most employed in manufacturing and services
Large incomes
Standard of living is high
Health and education systems are high
Life expectancy and literacy rates are high

Question 5

What line separates the global north and global south in terms of development and wealth

Answer 5

The Brandt line

Question 6

What are factors affecting economic development

Answer 6

1. Colonialism
2. Unfair trade
3. Debt
4. Conflict
5. Environment