Uses Of National Income Data

Question 1

GDP

Answer 1

Value of total output produced in the UK in a year

Question 2

GNP

Answer 2

GDP + net property income from abroad

Question 3

1 limitation affecting GDP and measurements

Answer 3

GDP is an incomplete measure - ignores the non-monetised sector

Question 4

Relationship between distribution of income and GDP

Answer 4

Rise in income causes a rise in income inequality. No body is benefitting the same

Question 5

Human development index

Answer 5

A composite measure of living standards

Question 6

Human poverty index

Answer 6

An index published by the UN

Question 7

3 human development index sections

Answer 7

• income
• health
• education attainments

Question 8

4 human poverty index sections

Answer 8

• longevity
• knowledge
• economic provision
• social inclusion