Better indicator of economic development is___________.
Answers
Answer:
Real GDP per capita – gross domestic product. The nation's total economic output which is the same as a nation's income. GDP at purchasing power parity (PPP) takes into account the local purchasing power of the currency and is a better guide to actual living standards.
Answer:Real GDP per capita – gross domestic product. The nation’s total economic output which is the same as a nation’s income.
GDP at purchasing power parity (PPP) takes into account the local purchasing power of the currency and is a better guide to actual living standards.
Levels of absolute poverty, e.g % of population with income less than minimum necessary to meet basic necessities of life.
Malnutrition levels. Percentage of population with insufficient food – levels of malnutrition.
Access to safe water. Percentage of population with access to safe water supply and sanitation
Literacy rate – The percentage of a population that can read and write. Also consider gender discrepancy.
Mean years of education – Length of education gives indication on deeper education standards.
Number of doctors per 1,000 of population.
Average life expectancy. Life expectancy generally rises with economic development.
Openness of economy to international trade. Also, levels of foreign direct investment.
Quality of nation’s infrastructure – quantity and quality of roads, railways and airports.
Share of agriculture in economy. Over 90% indicates an undeveloped economy. Less than 10% of economy in agriculture suggests more developed economy.
Political stability and security.
Wildlife Diversity