Measuring Development

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…