Measuring Development Overview

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30 Terms

1

Development

Measuring how economically, socially, culturally, or technologically advanced a country is.

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2

Economic development

Measures a country's wealth and how it is generated.

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3

Human development

Measures access to wealth, jobs, education, health, and quality of life.

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4

Standard of living

Describes material elements like wealth and nutrition.

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5

Quality of life

Includes aspects like health and leisure.

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6

Development indicators

Used to compare the development of regions based on various factors.

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7

Primary industries

Industries like farming, fishing, and mining.

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8

Secondary industries

Industries like manufacturing.

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9

Tertiary industries

Industries like banking and information technology.

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10

Gross Domestic Product (GDP)

Total value of goods and services produced by a country in a year.

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11

Gross National Product (GNP)

Measures the total economic output of a country, including foreign earnings.

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12

GNP per capita

Country's GNP divided by its population.

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13

Economic growth

Annual increase in GDP, GNP, GDP per capita, or GNP per capita.

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14

Inequality of wealth

Gap in income between a country's richest and poorest.

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15

Inflation

Annual increase in prices of goods, services, and wages.

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16

Unemployment

Number of people unable to find work.

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17

Demographics

Study of population growth, birth rates, death rates, and urban-rural ratios.

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18

Life expectancy

Average age a person lives.

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19

Infant mortality rate

Number of babies who die under one year per 1000 live births.

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20

Poverty

Percentage of people living below the poverty level.

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21

Access to basic services

Availability of services necessary for a healthy life.

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22

Access to healthcare

Availability of medical care.

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23

Risk of disease

Percentage of people with diseases like AIDS, malaria, and tuberculosis.

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24

Access to education

Measure of people attending primary, secondary, and higher education.

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25

Literacy rate

Percentage of adults who can read and write.

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26

Access to technology

Percentage of people with access to phones, internet, etc.

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27

Male/female equality

Comparison of literacy rates and employment between sexes.

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28

Government spending priorities

Comparison of health, education, military, and debt expenditure.

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29

Short term aid

Immediate assistance provided to countries in need.

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30

Long term aid

Sustainable assistance provided to countries for lasting development.

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