Indicators of Growth Quiz PDF

Indicators of growth Indicators of growth: introduction There are lots of ways to measure the growth rate of a country, the main ones that your exam board would like you to know about are: 1. Gross Domestic Product (GDP) per capita 2. literacy 3. health 4. Human Development Index (H...

Indicators of growth Indicators of growth: introduction There are lots of ways to measure the growth rate of a country, the main ones that your exam board would like you to know about are: 1. Gross Domestic Product (GDP) per capita 2. literacy 3. health 4. Human Development Index (HDI) Comparison of all 4 indicators Country GDP per capita Literacy Health HDI UK Brazil Russia India South Africa China Mexico Indonesia Nigeria Turkey Carry out some research on the next few slides, add in the data and draw some conclusions #1 GDP GDP stands for Gross Domestic Product The GDP figure for a country shows the sum total of everything they produce as a nation Look at the GDP figures and compare them to the UK, it may also be helpful to have a world map so you can compare the size of countries What is GDP per capita? The GDP per capita is the measure of the economic output of a country that accounts for the number of people living there It divides the GDP by the population figure Example GDP of USA in 2021 was $23.9 trillion, if the What conclusions can you draw from looking at this map? population was 332 million Click map to see a larger version what was the GDP per capita? Research: GDP of nations Find out what the GDP per capita is of the world nations How is this data linked to the growth of the economy? Which nations have the fastest growing GDP per capita figures? Do the BRICS and MINT countries feature in the top 10? #2 Literacy Literacy rates and poverty tend to go hand-in-hand, with education being less available in the poorest countries Even when education is available in developing nations, the income that a working child can bring in is a tempting alternative to school Currently *781 million adults worldwide cannot read or write, 75% of these are women – why Why is literacy important to business? is this? Research: Literacy rates Literacy levels are a key indicator of the economic growth of the world’s countries The average is 86.3% of a country’s citizens are literate, compare this against Afghanistan for example at 38.2% or Niger at 19.1% Have a look at the Wiki rates here (no UK or USA data on this table) #3 Health High economic growth in a country leads to an investment in health advancements, including building hospitals, training doctors and investing in medicines A healthy population will work harder and for longer which in turn leads to more productivity and economic growth Research: Health World Health Organisation (WHO) keep a record of life expectancy at birth in years Have a look at this data set from the WHO and answer the following questions: How old can you expect to live to in the UK? How does this compare with the MINT countries? What is the global average life expectancy? #4 HDI HDI stands for the Human Development Index This is a statistic that combines; life expectancy, education and income (Gross National Income GNI) which are used to rank countries into four tiers of human development Why is this the most accurate indicator? Research: HDI Have a look at the HDI data set (click the graphic on the right) Find the HDI of the UK Find the HDI of the BRICS and MINT countries How do these compare? What conclusions can you draw about the economic growth of these countries? Comparison of all 4 indicators Country GDP per capita Literacy Health HDI UK Brazil Russia India South Africa China Mexico Indonesia Nigeria Turkey What conclusions can you now draw from your data table?