Measures of development Flashcards
What are the 5 indicators of development
Access to clean water, number of mobile phones, energy consumption, Access to the internet. Proportion of population in agricultural work.
the definition of: Economic Development
An increase in living standards in an economy.
What three indicators does HDI measure?
Education, years of school.
Health, life expectancy at birth.
Living standards, real GNI per capita
What is Gross National Income?
Gross National Income is Gross Domestic Product plus the net income from abroad.
How is gross national income per capita calculated
gross national income divided by the country’s population .
What are the three measures used by the Human Development Index to determine the level of development based on the indicators
Life expectancy, real GNI per capita and average years spent in school
What are the advantages of HDI values
Holistic, it focuses on a range of indicators rather than just one
What are the negatives of HDI values.
omits other indicators. because there are many indicators that it does not use.
If a country’s HDI value is between 0 and 0.49 it has
low development
If a country’s HDI value is between 0.50 and 0.69 it has
medium development
If a country’s HDI value is between 0.70 and 0.79, we say that country has
high development
What does a high Gini coefficient mean for an economy?
more unequal economy
Whats does IHDI account for
IHDI accounts for the distribution of development within a country.
What does IHDI stand for
Inequality adjusted Human development Index.
What are the 3 measures of development
HDI
IHDI
Multi dimensional. Poverty Index (MPI)
