Key Indicators of Development Flashcards
What does GDP measure in terms of development?
GDP measures the total monetary value of all goods and services produced within a country over a specific period.
How does GNI differ from GDP?
GNI includes the total income earned by residents, including income from abroad, whereas GDP measures domestic production.
What three dimensions does the HDI measure?
Life expectancy (health), education, and income per capita (standard of living).
How does the Gini coefficient measure inequality?
It measures income inequality within a country, ranging from 0 (perfect equality) to 1 (maximum inequality).
What does the poverty rate indicate?
The percentage of a population living below a certain income threshold, such as the international poverty line.
Why is life expectancy considered a key indicator of development?
It reflects the health and well-being of a population, often linked to healthcare quality and living standards.
What is the significance of the literacy rate in development?
A high literacy rate indicates better education levels, which are closely tied to economic opportunities and growth.
How does the MPI differ from the poverty rate?
The MPI measures poverty across multiple dimensions, including health, education, and living standards, not just income.
Why is access to basic services an important indicator?
It reflects the population’s quality of life and human development, especially in health and sanitation.
What does the infant mortality rate reveal about a country’s development?
It shows the effectiveness of healthcare systems and living standards, with lower rates indicating better development outcomes.
