Measuring the development of a country Flashcards

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1
Q

Gross domestic product Definition

A

Total value of goods produced within a country in a year

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2
Q

Positives of GDP

A

There is a lot of historical data to compare to as many countries measure GDP

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3
Q

Negatives of GDP

A

Does not consider a nations distribution of wealth or determine a nations poverty

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4
Q

Gini coefficient definition

A

Measures how equal people are within a country or between countries. A country is given a score between 0 and 1, 1 = one person has a lot of the income, 0 = equally distributed income

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5
Q

Corruption perception index defintion

A

Measures the perceived corruption in governments and the public sector. 100 is the perfect score, with 0 showing a very corrupt public sector

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6
Q

Life expectancy defintion

A

The average age expected for someone to live

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7
Q

%Access to clean water

A

Number of people in % who have a source of safe water less than 1km from their home

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