Measuring Development (Economic and Human development indicators)

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  • Measuring Development
    • GNP (Gross National Product)
      • is the value of all goods and services earned by a country, including companies working abroad
    • GDP (Gross Domestic Product)
      • is the same as GNP but without the foreign earnings
    • Per capita
      • statistics provide an average 'per person' figure, e.g. GDP per capita means average income per person
    • PPP (Purchasing Power Parity)
      • Relates average earnings to prices and what it will buy, because a dollar buys more in some countries
    • PQLI (Physical Quality of Life Index)
      • includes life expectation, literacy rates and infant mortality rates. The higher the score, the better the quality of life
    • HDI (Human Development Index)
      • is the same as PQLI but includes school enrollment and PPP to help judge standards of living
    • HSI (Human Suffering Index)
      • adds daily calorie intake, access to clean water, inflation rates, access to communications, political freedom and civil rights - the quality of life

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