measures of development 4.3.1 Flashcards
1
Q
Economic Growth:
A
o A sustained rise in a country’s productive capacity.
o An increase in real value of GDP / GNI per capita.
o Increases in the productivity of factors of production.
2
Q
Economic Development:
A
o Progress in expanding economic freedoms.
o Sustained improvement in economic and social opportunities.
o Growth in personal and national capabilities.
3
Q
hdi scale:
A
- mean years schooling
- adult literacy rate
- gni per capita
- life expectancy