the changing economic world Flashcards
what is development of a country?
progress of economic growth, use of technology and improving welfare that a country has made.
what are some measures of development [10]
GNI, GDP, birth rate, death rate, infant mortality rate, people per doctor, literacy rate, access to safe water, life expectancy, HDI
what is GNI
the total value of goods and services produced by a country a year, including overseas income
what is GDP
the total value of goods and services a country produces per year
what is birth rate
the number of live births per thousand of the population per year
what is death rate
the number of deaths per thousand of the population per year
what is infant mortality
the number of infants that die before the age of 1 year, per thousand babies
what is people per doctor
the number of people for each doctor
what is literacy rate
the percentage of adults who can read and write well
what is HDI
number between 0-1 that is calculated using the life expectancy, education and wealth rates.
strengths of using GNI as a measure of development
- easy to present data (graphs)
- easy to compare data (same currency)
- reliable (if the data can be trusted)
weaknesses of using GNI as a measure of development
- people can lie about their income
- anomalies can mess up data
strengths of using HDI as a measure of development
- easy to compare
- reveals global patterns
- tells us about a country’s health, welfare AND education
weaknesses of using HDI as a measure of development
- people may lie
- anomalies mess up data
draw a demographic transition model
http://tinyurl.com/5b5cz4fh
- that link has a good image of it