Measuring Development🍄 Flashcards
What does level of development mean?
A country’s wealth (measured by it’s GDP), and its social and political progress. (EG its education, health care of democratic process in which everyone can vote freely).
An economic factor is GDP (Gross Domestic Product) what does this mean?
The total value of goods and services produced by a country in a year (in US$, for easy comparison).
What does dividing GDP by population give?
GDP per person.
What is GDP measured in and what does it show?
PPP (Purchasing Power Parity) which shows what it will buy in each country. Low income countries usually have low prices, so $1 will buy more there that in the UK.
Malawi is one of the world’s 25 poorest countries. The UN uses development indicators to…
Measure how a country is improving.
What is the poverty line?
The minimum income required to meet someone’s basic needs.
What are the measures of inequality?
These show how equally wealth is shared among the population. It included the percentage of GDP owned by the wealthiest 10% of the population, and by the poorest 10%.
What does the social indicator of access to safe drinking water mean?
The percentage of the population with access to an improved (piped) water supply within 1km.
What does the social indicator for literacy rate mean?
The percentage of the population, aged over 15, who can read and write.
GDP and … are used to measure development.
The Human Development Index (HDI).
How do you calculate the HDI?
The HDI consists of one figure per country, between 0 and 1 (the higher the better). It is calculated using an average of four indicators: life expectancy, education - literacy, education - average length of schooling and GDP per capita.
Why do the poorest countries using GDP also have also have lowest HDI?
They don’t have money for health care and education.
What does The Corruption Perceptions Index do?
They help investors work out where their money is safe. Or used a scale from 10 (honest) to 0 (very corrupt). In corrupt countries, investors money is likely to be used to bribe officials, or purchase weapons.
