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MEASURING ECONOMIC DEVELOMENT - Coggle Diagram
MEASURING ECONOMIC DEVELOMENT
Single Indicator
Health measures
Life expectancy at birth
the average
number of years that a
person may expect to live
from the time that they are born
Infant Mortality Rate
measure of the
number of deaths of babies under the age of one yea
r per thousand live births in a given year.
Education measures
Net Enrolment Ratio in Primary Education
Ratio number of children of primary school age who are enrolled in primary school to the total number of children who are of primary school age in the country.
Adult Literacy Rate
the proportion of the adult population,
aged 15
or over, which is
literate
, expressed as a
percentage
of the whole adult population for a country
Financial measures
using GDP @ GNI
per capita
~GDP Affected by FDI
~ GNI > GDP
GDP per capita at
Purchasing Power Parity (PPP)
Composite Indicator
Human Development index (HDI)
Goals:
1.long and healthy life,
2.improved education,
3.decent standard of living
Measurement:
Mean year of schooling
Life expectancy
Mortality rate
Other indicators
Gender-related Development index (GDI)
looks at the same indicators as the HDI but takes into account the inequalities in these indicators for men and women.
Gender Empowerment Measures (GEM)
measures the extent to which women are able to actively participate in economic and political life.
Human Poverty Index (HPI)
proportion of people
who are deprived of the opportunity to reach a basic level in each area
Poverty Cycle
Relative poverty :
A condition when the household receive income below 50% the average median income
Absolute Poverty:
A condition when the individual's income fail to support basic necessities to live
