Measuring Development

View mindmap
  • Measuring Development
    • GDP
      • total value of goods and services produces within a country in a year
        • this is divided by number of people in the country
      • Gross Domestic Product
      • per capita
        • allows more valid comparisons between countries with large differences in population sizes
    • GNI
      • total income of the country inc. whats made outside by companies and corporations
        • divided by number of inhabitants tp give average income per person
      • Gross National Income
      • per capita
      • does not take into account different costs of livings in different countries
    • PPP
      • purchasing power parity
      • adjusts GNI to allow for differences in what 1$ can buy in different countries
        • way in which costs of living differs in countries
    • HDI
      • Human Development Index
      • consists of 3 factors
        • life expectancy
        • education
        • Income
      • highest score is 1


No comments have yet been made

Similar Geography resources:

See all Geography resources »See all Development resources »