Human Wellbeing Flashcards
1
Q
What does GDP stand for?
A
Gross Domestic Product
2
Q
What is GDP?
A
Refers to the total goods and services produced within a country over a 1 year period
3
Q
What does GNP stand for?
A
Gross national product
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.
5
Q
What does HDI stand for?
A
Human development index
6
Q
What are the four factors of development
A
Life expectancy, literacy rates, Education rates and Gross domestic products (GNP)
