Geography Development KEY TERMS

Gross Domestic Product (GDP)

Total Value of all goods and services produced within a country

Gross National Income (GNI)

Total income earned by a country’s people and businesses including income earned from abroad

Gross National Product (GNP)

Measures the value generated by a country’s business including income from abroad but excluding income earned by foreigners in the country

What are GDP/GNI/GNP indicators of?

They are Economic Indicators

Literacy rate

Percentage of people in the country who can read and write

Life expectancy

Average number of years a person is expected to live from birth

Infant mortality rate

Number of babies who die under the age of 1 years of age out of 1000 people

Calorie intake

The average number of calories consumed per person per day

Doctors per person

Number of doctors available per 1000 people

Human development Index

Composite index measuring average achievements including life expectancy, education and income

Quality Life

Overall wellbeing of individuals or communities

Indicators: Life expectancy, Doctors per 1000 people, Literacy rates

Standard of living

Material wellbeing of people

Indicators: GNI, GDP, Calorie intake