indicators of economic and social well being. key idea 4
TRANSCRIPT
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Indicators of ECONOMIC and SOCIAL Well Being.
Key Idea 4
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• What is the HDI and how is it measured?
• How does it compare with economic indicators?
•How can development indicators be used to classify countries?
KEY QUESTIONS:
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ODD ONE OUT….
GNP/Capita Life Expectancy Literacy rate
Minimum wage
Free schooling
Average yearly income
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Where?
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Wealth and happiness – is there a link?
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Social development is measured by population data like life expectancy.
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Another Population Indicator… but what?
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Or an Education Indicator – like literacy rates
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The Human Development Index is a composite index which combines measures of life expectancy, school enrolment, literacy and income. A high score is an indicator of enhanced quality of life. The maximum index is 1.
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Human Development Index (HDI)
The results of the UN Human Development Index are closely correlated with GDP per capita measure.
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Human Development Index (Well Being) increases as Economic well being Increases
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