Lesson 43- Measures of development Flashcards
Give the three objectives of development?
.Life sustaining goods and services
.Higher incomes
.Freedom to make economic and social choices
Give two objectives of Economic growth
.A sustained rise in a country’s productive capacity
.An increase in the real value of of GDP/GNI per capita
.Increases the productivity of factors of production
Give two objectives of Economic development
.Progress in expanding economic freedoms
.Sustained improvement in economic and social opportunities
.Growth in person and national capabilities
Which three subjects does HDI focus on?
It focuses on longevity, basic education and minimal education
How can a decent standard of living financially be shown as a statistic?
.Gross national income (GNI) which is then adjusted to purchasing power parity standard (PPP)
.Log of income which is used in the HDI
Give two disadvantages of using the HDI
.HDI does not take into account qualitative factors such as political freedom
.The GNI per capita figure takes no account of income distribution
-GNI per capita could be an inaccurate measure of well being if income is unevenly distributed
Give two advantages of using HDI as a measure of development
.Relatively easy data to collect and compare
.As objective as possible
.Measures such as Longevity and education levels are indicative of other development factors
What indicators does the Gender inequality HDI include?
This includes factors that reflect the extent to which there are deep and persistent imbalances in economic, social and political freedoms for women and girls in developed and developing countries
Give four other non-financial ways in which development can be measured
.Changing structure of national output
.Access to clean water
.Energy consumption per capita
.Fertility rates
.Prevalence of HIV
.Progress in achieving sustainable goals
.Degree of Primary export dependence
.Access to mobile cellular phone service
