Gross Domestic Product - it is the total value of goods and services produced by a country over a time period, every year
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What is GNI and what does it mean?
Gross National Income - it is the GDP of a country plus all income earned in the country by foreigners
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Which is the better indicator GDP or GNI?
GNI
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What are the five combined indicators?
1. Combined HDI 2. Quality of Life index 3. Happy Planet Index 4. The Genuine progress indicator 5. Gross National Happiness
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What three indicators are used in the combined HDI and what is one negative about it?
Life expectancy, Adult literacy and Purchasing power. One problem is that there are only three factors considered, this restricts the accuracy
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What does the Quality of Life index aim to look at and what is one positive and one negative?
Attempts to measure which country will provide the best opportunities for a healthy and safe life. One positive is that it considers a lot of factors making it accurate and one negative is that it is hard to measure all of the factors.
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How many indicators does the Gross national happiness have and where was it developed?
33 indicators and was developed in Bhutan
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What are three problems with measuring a countries development or quality of life?
hides variation, hides distribution of age, gender and ethnicity, all in one currency, the accuracy of the measurement
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Other cards in this set
Card 2
Front
What is GNI and what does it mean?
Back
Gross National Income - it is the GDP of a country plus all income earned in the country by foreigners
Card 3
Front
Which is the better indicator GDP or GNI?
Back
Card 4
Front
What are the five combined indicators?
Back
Card 5
Front
What three indicators are used in the combined HDI and what is one negative about it?
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