EconomicsCode 9708
Economic development
What this topic asks you to be able to do
- the grouping of economies by their degree of development
- how economies are grouped by the level of their national income
- the indicators used for living standards and economic development: monetary ones, including statistics of real national income per capita (GDP, GNI, NNI) and purchasing power parity; the difficulties of making comparisons with monetary indicators; non-monetary indicators; composite indicators, namely the Human Development Index (HDI), the Measure of Economic Welfare (MEW) and the Multidimensional Poverty Index (MPI); the Kuznets curve
- comparing rates of economic growth and living standards, both over time and from one country to another