Podcast
Questions and Answers
What is the average literacy rate of a country's citizens?
What is the average literacy rate of a country's citizens?
- 63.5%
- 95.7%
- 86.3% (correct)
- 72.4%
Countries with higher literacy rates generally experience lower economic growth.
Countries with higher literacy rates generally experience lower economic growth.
False (B)
What does HDI stand for?
What does HDI stand for?
Human Development Index
The life expectancy at birth is recorded by the __________.
The life expectancy at birth is recorded by the __________.
Which of the following is NOT an indicator of growth?
Which of the following is NOT an indicator of growth?
Match the following countries with their approximate literacy rates:
Match the following countries with their approximate literacy rates:
Literacy rates and poverty typically have unrelated trends.
Literacy rates and poverty typically have unrelated trends.
The GDP per capita is calculated by dividing the total GDP by the country's ______.
The GDP per capita is calculated by dividing the total GDP by the country's ______.
Match the following indicators of growth with their descriptions:
Match the following indicators of growth with their descriptions:
Flashcards
GDP per capita
GDP per capita
A country's economic output per person, calculated by dividing the Gross Domestic Product (GDP) by the population.
Gross Domestic Product (GDP)
Gross Domestic Product (GDP)
The total value of all goods and services produced within a country in a given period.
Literacy rate
Literacy rate
The percentage of a population that can read and write.
Human Development Index (HDI)
Human Development Index (HDI)
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Economic Output
Economic Output
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Life Expectancy
Life Expectancy
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Health Investment's Effect on Economy
Health Investment's Effect on Economy
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HDI (Human Development Index)
HDI (Human Development Index)
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HDI Tiers
HDI Tiers
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Why is HDI the most accurate indicator?
Why is HDI the most accurate indicator?
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Study Notes
Indicators of Growth
- Different methods exist to measure a country's growth rate.
- Key indicators examined include: Gross Domestic Product (GDP) per capita, literacy rates, health statistics, and the Human Development Index (HDI).
GDP
- GDP stands for Gross Domestic Product.
- GDP represents the total production of a country.
- Comparing GDP figures to the UK is helpful to understand the economic size of other countries.
- A world map can further illustrate the differences in size.
GDP per capita
- GDP per capita measures a country's economic output in relation to its population.
- It is calculated by dividing the total GDP by the population.
- Understanding GDP per capita helps to quantify economic output from one country to another.
- An example is given of the USA in 2021 (GDP: $23.9 trillion, population: 332 million).
Literacy
- Literacy rates are directly linked to poverty.
- Education is less readily available in poorer countries.
- Income from child labor could be a factor in preventing children from going to school.
- Globally, 781 million adults cannot read or write, 75% of these are women.
Health
- High economic growth correlates to investment in healthcare improvements.
- This includes building hospitals, training medical personnel, and improving healthcare infrastructure.
- A healthier population works harder and longer resulting in increased productivity and economic growth.
HDI
- HDI stands for Human Development Index.
- HDI is a measure combining life expectancy, education, and income.
- HDI ranks countries in four tiers of human development.
- HDI is considered an accurate measure of human development.
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