Development Indicators

Question 1

Gross national income

GNI

Answer 1

Used to describe a country’s level of economic development
Total value of goods and services produced by a country
Expressed as per head (per capita) of the population
• makes it a more accurate development indicator

Question 2

Human development index

HDI

Answer 2

Social measure devised by the UN
Links wealth to health and education
Measured 0-1, 1 being the highest
Lowest 10 countries in Africa
Factors:
• number of years of education
• GNI per capita
• life expectancy at birth
More accurate as a development indicator than GNI

Question 3

How can we measure quality of life?

Answer 3

Economic and social measures can accurately measure quality of life
This means different things:
Safety
Security 
Poverty 
Freedom 
Right to vote 
Extreme poverty 
Women's rights 
Happiness

Question 4

Why are indicators inaccurate?

Answer 4

NEEs and LICs:
Didn't measure or record data
Corruption
Not all figures are disclosed
Focused on particular figures to make the country seem more developed
Informal economy outways formal
• don't pay tax