UNIT 5 INDICATORS OF STDs of Living
I l
Standards of Living Measurement of Variations in development outcomes
our material welfare measured with real locally s internationally
GDP per capita or national output
of population per head PPP changes quickly and are inaccurate
which G s S Ss they can use 1buy or misleading
measures materialistic comfort
CRITICISMS OF USING GDP
1 Inequalities in income is wealth Growth in
inequalities
GDP rises but stds of living doesnt
improve
2 Leisure as workinghours1conditions GDP growth
at the expense of leisure 1 happiness
3 Imbalances between consumption 1investment High
investments in capital good T GDP
But demands needs are unfulfilled
4 Life expectancy High life expectancy t
high a DP
HUMAN DEVELOPMENT INDEX
Measurement of the
quality of life taking account
i Stds of living aND
2 Life expectancy at birth Shows efficiency
3 Literacy of Govt policies
Tracks progress made
by country
0 GOALS
1 a we perhead 75000
2 Life expectancy 85 y
3 Targets for school enrollment
LIMITATIONS To HDZ
Doesn't tame qualitative factors culture is political
identity
Should be more humancentred and more
inclusive human rights
GNP doesnt tame account of income distribution
inequitable development
, UNIT 5 comparing Stds of living
1.2 s income distributions
DIFFERENCE 2N STDS OF LzuzNG
IN COUNTRIES
Reason for difference
Some have inherited wealth
Some earn higher income based on
jobs
Some own businesses
Some Worli harder than others
Between countries
Dependant of type of country
Less dew
developing
More developed
Howeffective an economy is in
producing
More productive benefits
everyone in economy
Depends on provision of healthand
education
INDICATORS
GDP
Which industries are stronger
How much citizens can put in
Basket of Goods
Quality of life Happiness providing
individuals with the things they value most
intangible difficult to measure
Can be affected by workplace
EG
Rest or leisure
You know a person slept for 8
hours but dont knowhow well they
slept
Affected
by socioeconomic class is
geographical area
I l
Standards of Living Measurement of Variations in development outcomes
our material welfare measured with real locally s internationally
GDP per capita or national output
of population per head PPP changes quickly and are inaccurate
which G s S Ss they can use 1buy or misleading
measures materialistic comfort
CRITICISMS OF USING GDP
1 Inequalities in income is wealth Growth in
inequalities
GDP rises but stds of living doesnt
improve
2 Leisure as workinghours1conditions GDP growth
at the expense of leisure 1 happiness
3 Imbalances between consumption 1investment High
investments in capital good T GDP
But demands needs are unfulfilled
4 Life expectancy High life expectancy t
high a DP
HUMAN DEVELOPMENT INDEX
Measurement of the
quality of life taking account
i Stds of living aND
2 Life expectancy at birth Shows efficiency
3 Literacy of Govt policies
Tracks progress made
by country
0 GOALS
1 a we perhead 75000
2 Life expectancy 85 y
3 Targets for school enrollment
LIMITATIONS To HDZ
Doesn't tame qualitative factors culture is political
identity
Should be more humancentred and more
inclusive human rights
GNP doesnt tame account of income distribution
inequitable development
, UNIT 5 comparing Stds of living
1.2 s income distributions
DIFFERENCE 2N STDS OF LzuzNG
IN COUNTRIES
Reason for difference
Some have inherited wealth
Some earn higher income based on
jobs
Some own businesses
Some Worli harder than others
Between countries
Dependant of type of country
Less dew
developing
More developed
Howeffective an economy is in
producing
More productive benefits
everyone in economy
Depends on provision of healthand
education
INDICATORS
GDP
Which industries are stronger
How much citizens can put in
Basket of Goods
Quality of life Happiness providing
individuals with the things they value most
intangible difficult to measure
Can be affected by workplace
EG
Rest or leisure
You know a person slept for 8
hours but dont knowhow well they
slept
Affected
by socioeconomic class is
geographical area
