4.2 Measuring Development

By the end of this unit you should be able to:

• Distinguish between GDP per capita figures and GNI per capita figures.
• Compare and contrast the GDP per capita figures and the GNI per capita figures for economically more developed countries and economically less developed countries.
• Distinguish between GDP per capita figures and GDP per capita figures at purchasing power parity (PPP) exchange rates.
• Compare and contrast GDP per capita figures and GDP per capita figures at purchasing power parity (PPP) exchange rates for economically more developed countries and economically less developed countries.
• Compare and contrast two health indicators for economically more developed countries and economically less developed countries.
• Compare and contrast two education indicators for economically more developed countries and economically less developed countries.
• Explain that composite indicators include more than one measure and so are considered to be better indicators of economic development.
• Explain the measures that make up the Human Development Index (HDI).
• Compare and contrast the HDI figures for economically more developed countries and economically less developed countries. 

Interpreting Indicators of Development