Measuring development (Edexcel GCSE Geography A): Flashcards
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What is development measurement?
What is development measurement?
Using statistics to assess progress in a country or region
Two main categories of development measures
Two main categories of development measures
Economic indicators & social/political measures
GDP definition
GDP definition
Total value of goods & services produced in a country per year
Critical limitation of GDP
Critical limitation of GDP
Doesn't show how wealth is distributed among population
GDP per capita definition
GDP per capita definition
GDP divided by population; average output per person
What HDI combines
What HDI combines
Income, health & education
Three factors in HDI
Three factors in HDI
Gross National Income, life expectancy, years of education
Why use multiple development measures
Why use multiple development measures
No single indicator tells the whole story
Limitation: what national averages hide
Limitation: what national averages hide
Huge inequalities within countries
What GDP doesn't capture
What GDP doesn't capture
Informal or cash economy activity
How political corruption affects development
How political corruption affects development
Hinders progress by diverting resources from public services
What Gini coefficient measures
What Gini coefficient measures
Economic inequality within countries
Gini coefficient: 0 means
Gini coefficient: 0 means
Perfect equality (everyone has same income)
Gini coefficient: 1 means
Gini coefficient: 1 means
Perfect inequality (one person has all income)