Human Wellbeing Flashcards

1
Q

What does GDP stand for?

A

Gross Domestic Product

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2
Q

What is GDP?

A

Refers to the total goods and services produced within a country over a 1 year period

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3
Q

What does GNP stand for?

A

Gross national product

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4
Q

What is GNP?

A

An estimate of total value of all the final products and services produced in a give period by the means of production owned by a country’s residents.

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5
Q

What does HDI stand for?

A

Human development index

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6
Q

What are the four factors of development

A

Life expectancy, literacy rates, Education rates and Gross domestic products (GNP)

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