Standard of Living
- Created by: Imogenbn99
- Created on: 29-11-15 15:09
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- Comparing Living Standards
- Measures access to levels of material comfort within their income.
- GDP
- Critisised for being too narrow a measure of broader quality of life.
- Measures growth in an economy overtime
- No account of inequality
- Does not address pollution and waste (results of economic growth)
- Measured in country's currency but exchange rates change
- HDI
- Alternative measure to GDP
- Standard of living, life expectancy and education
- Goals
- GDP per head = $40,000
- Life expectancy = 85 years
- 100% adult literacy rate
- Scored between 0 and 1
- 0.9 + = very high. 0.8-0.89 = high. 0.5- 0.79 = medium
- Only focuses on education and health care
- No environmental
- HPI
- Human Poverty Index
- Human Deprivation
- % below poverty line
- Rate of unemployment
- Human Poverty Index
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