Measures of Development 4.3.1 Flashcards
1
Q
3 Measures of development
A
Human development Index HDI
Inequality Adjusted Human Development Index IHDI
Multidimensional Poverty Index MPI
2
Q
What does HDI measure
A
Health - life expectancy
Education - average years at school
Living standards - Real GNI per capita
3
Q
HDI values
A
Higher HDI, more developed country
4
Q
What are the Advantages of HDI
A
Holistic - uses 3 indicators than 1
Comparison - easy to compare developed and non developed countries
5
Q
What are the disadvantages of HDI
A
Unreliable - could use more indicators
Ignores distribution of development - measured using Gini Coefficient
