Human Wellbeing Flashcards
What does GDP stand for?
Gross Domestic Product
What is GDP?
Refers to the total goods and services produced within a country over a 1 year period
What does GNP stand for?
Gross national product
What is GNP?
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.
What does HDI stand for?
Human development index
What are the four factors of development
Life expectancy, literacy rates, Education rates and Gross domestic products (GNP)
What is Quantitative indicator?
The measurement of which are the quantity of something in a country
What is an example of Quantitative
Population of a country and national income per capita
What is qualitative?
The standards of living that are hard to measure
Example of qualitative
Political freedoms, social opportunities and environmental equality.
What is human development index (HDI)
The measurement of a countries social and economical growth
What is HDI measured on?
Life expectancy, gross national income, literacy rates and education rates.
What is global south and global north
Poorly developed and developed countries
E.g Zimbabwe and Norway.
