Measuring Development

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  • Created by: caits
  • Created on: 06-04-14 17:44

Development - is the use of resources to improve the standard of living of a nation

Factors affecting standard of living:

  • Conflict/war
  • Where you live
  • Climate
  • Job satisfaction
  • Infant mortality rate
  • Qualifications + education
  • Resources
  • Family/community
  • Types of government
  • House
  • Basic needs - water, electricity, heating, sewage treatment, food, services
  • Health and health care

Measures of development

Economic:

Indicator and definition - GDP (Gross Domestic Product) - total financial value produced by a country in a year

Examples - UK GDP = $2433 billion/ Egypt GDP = $229 billion

Advantages:

  • You can use it to examine all the economies of the world

Disadvantages:

  • Its only…

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