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Measuring Development

Measuring Development. GDP. Gross Domestic Product Value of total output of goods and services within a country in a year- p.276 PER CAPITA MDCs - $30,000 LDCs - $3,000. Y = C+I+E+G. Y = GDP C = Consumer Spending I = Investment made by industry E = Excess of Exports over Imports

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Measuring Development

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  1. Measuring Development

  2. GDP • Gross Domestic Product • Value of total output of goods and services within a country in a year- p.276 • PER CAPITA • MDCs - $30,000 • LDCs - $3,000

  3. Y = C+I+E+G Y = GDP C = Consumer Spending I = Investment made by industry E = Excess of Exports over Imports G = Government Spending

  4. GNP • Gross National Product • Total value of officially recorded goods and services produced by citizens and corporations. • Broader than GDP (inside & outside territory)

  5. GNP Formula Consumption + Government Expenditures + Investments + Exports + Foreign Production by US Companies – Domestic Production by Foreign Companies = Gross National Product

  6. GNI • Gross National Income • Monetary worth of a country’s production PLUS income received from investments. • More accurate in terms of global economy. • Japan - $31,410 • USA - $41, 950 • Luxembourg - $65,340 • India - $3,460

  7. Literacy Rate • % of people who can read and write • Exceeds 98% in MDCs • Lower than 60% in LDCs

  8. Life Expectancy • Average # of years a newborn can expect to live. • 60s in LDCs • 70s in MDCs

  9. HDI • Human Development Index • A country’s development is comprised of economic, social, and demographic factors! • GDP • Literacy Rate • Amt. of Education • Life Expectancy

  10. The Brandt Line

  11. The Brandt Line

  12. The Brandt Line

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