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Gross Domestic Product (GDP): Total value of goods and services produced within a country in one year. Gross National Income (GNI): monetary value goods and services produced plus income received from investments abroad. Often expressed as Per Capita GNI.
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Gross Domestic Product (GDP): Total value of goods and services produced within a country in one year.
Gross National Income (GNI): monetary value goods and services produced plus income received from investments abroad.Often expressed asPer Capita GNI.
All these. LDC or MDC? • Crude Birth Rate = high • Crude Death Rate = high • Infant Mortality Rate = high • Literacy Rate = high • School Enrollment = high • Total Fertility Rate =high • Total % of pop under 15 =high • Life Expectancy = high • Natural Increase Rate = high • GNP per Capita = high • Primary Economic Activities= high • Service Economic Activities =high • % living in Rural areas =high • % living in Urban areas =high
Development is measured with a variety of methods: The Human Development Index was created by the United Nations to show how development is measured. The highest index is 1.0. What factors determine a country’s HDI? • Economic Factor: - GNP per capita 2. Demographic Factor: - Life Expectancy 3. Social Factors: -Literacy rate -School enrollment
The HDI of any given country is categorized on a continuum of High, Medium, or Low Human Development. Ecuador is ranked medium development based on the 4 factors.
