Measuring Economic Development Flashcards
1
Q
What is GNI?
A
The gross national income is the total income earned by the people of a country from making goods and providing services, plus money earned from overseas
2
Q
How to calculate GNI per capita?
A
GNI/Size of population
3
Q
What is HDI
A
The human development index is a measure of peoples quality of life. It gives us a better idea of how well off people are in the country
4
Q
What are the indicators of HDI?
A
- GNI per capita
- Education
- Life expectancy
- Gender equality
