Measuring Development (Economic and Human development indicators)
- Created by: Joseph Timoney-Smith
- Created on: 04-04-14 11:17
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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
- GNP (Gross National Product)
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