Measures of Development Flashcards
What is development of a country?
Development is the progress of a country in terms of economic growth, the use of technology and human welfare.
What is the progress of a country in terms of economic growth, the use of technology and human welfare?
This is development.
What is a developmental gap?
Developmental gaps are differences in standards of living and wellbeing between the world’s richest and poorest countries.
What are differences in standards of living and wellbeing between the world’s richest and poorest countries?
This is developmental gaps.
What is the gross national income (GNI)?
The GNI is the total national income in a country.
What is the total national income in a country?
Its gross national income (GNI).
What allows a country to qualify as a high-income country (HIC)?
A country with a GNI per capita of more than $13,205 allows it to be classed as an HIC.
What does a country having a GNI per capita of more than $13,205 allow it to be classed as?
It allows the country to be classed as an HIC.
What allows a country to qualify as a low-income country (LIC)?
A country with a GNI per capita of less than or equal to $1085 allows it to be classed as a low-income country.
What does a country having a GNI per capita of less than $1085 allow it to be classed as?
It allows the country to be classed as an LIC.
What GNI per capita allows a country to be classed as an NEE?
A GNI per capita between $1,085 and $13,205 allows it to be classed as an NEE.
What is the standard of living?
Standard of living is an objective measure of material goods and wealth the person may have.
What is an objective measure of material goods and wealth the person may have?
Standard of living is this objective measure.
Where are HICs usually located, and about how many are there across the world?
There are over 80 HICs, usually located in North-west Europe and North America.
Where are LICs usually located, and about how many are there across the world?
LICs make up about 30 of the world’s poorest countries, and are usually located in Africa and the Middle-East.
What makes an LIC become an NEE?
An LIC will become an NEE due to experiencing rapid economic development often based on the development of industry where incomes are rising.