Development & Globalisation

Question 1

GNI (Gross National Income)

Answer 1

Is used more frequently these days. It is a good indicator of a country’s wealth- especially HICs who earn a great deal from their overseas investment.

Question 2

GDP (gross domestic product)

Answer 2

Is the same as GNP but excludes foreign earnings.

Question 3

GNP (Gross National Product)

Answer 3

Is the value of all goods and services earned by a country including companies working abroad.

Question 4

HDI was created to…

Answer 4

‘emphasise that people and their capabilities should be the ultimate criteria for assessing the development of a county, not economic growth alone.’

Question 5

What is HDI?

Answer 5

The HDI is a summary composite index that measures a country’s average achievements in three basic aspects of human development: standard of living (GDP per head in purchasing power parity terms); longevity (measured y life expectancy at birth); and knowledge ( a combination of the adult literacy rate and the combined primary, secondary and tertiary gross enrolment ratio).