Economics- Edexcel 4.3.1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| development | programs, policies or activities that seek to improve the economic well-being and quality of life for a community
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| Amartya Sen claims human development frees people from suffering caused by | early/premature mortality, persecution, starvation/malnutrition, illiteracy
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| Michael Todaro’s 3 objectives of development | life sustaining goods and services, high incomes, freedom to make economic and social choices
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| HDI | human development index
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| Focus of HDI | longevity, basic education, minimal income
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| HDI is made up of | knowledge, long and healthy life, decent standard of living
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| Knowledge in HDI | mean years of schooling and expected years of schooling
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| Long and healthy life in HDI | minimum value for life expectancy of 25 years and maximum value of 85 years
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| Decent standard living in HDI | data rom GNI per capita adjusted for PPP
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| GNI | gross national income
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| Country with highest HDI | switzerland
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| Country with lowest HDI | south sudan
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| Disadvantages of HDI | doesn’t take into account qualitative factors(cultural identity & political freedoms)/GNI per capita takes no account of income distribution/PPP changes quickly and can be inaccurate
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| Gender equality | denotes women having the same opportunities in life as men, including the ability to participate in the public sphere
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| Gender equity | denotes the equivalence in life outcomes for women and men, recognising their different needs and interests
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