Measuring Development Flashcards
1
Q
Measuring development
A
GDP
LIFE EXPECTANCY
HDI
EQI
2
Q
What type of of measurement is gdp and hdi
A
Single and composite index
3
Q
GDP
A
Total value of goods and services produced in a country over one year
Doesn’t account for equality
4
Q
HDI
A
Accountants:
- Life expectancy at birth
- Expected and mean years of schooling (education)
- GNI (gross national income)
5
Q
GNI
A
total domestic and foreign output claimed by residents of a country, consisting of GDP, plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
6
Q
EQI
A
Environmental quality index
