measures of development 4.3.1 Flashcards

1
Q

Economic Growth:

A

o A sustained rise in a country’s productive capacity.
o An increase in real value of GDP / GNI per capita.
o Increases in the productivity of factors of production.

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2
Q

Economic Development:

A

o Progress in expanding economic freedoms.
o Sustained improvement in economic and social opportunities.
o Growth in personal and national capabilities.

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3
Q

hdi scale:

A
  • mean years schooling
  • adult literacy rate
  • gni per capita
  • life expectancy
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