Ch 29 - Measuring Economic Progress 

________ is important considering the standards of living within a country.

the gross domestic product per person

gross national income per person

gross domestic product at purchasing power parity

estimates the amount the exchange rate needs to be adjusted between countries in order for identical goods and services from different countries to have the same price

number of years that a member of the population can be expected to live

annual rate of female deaths per 100,000 live births from any cause relating to pregnancy

compares the number of deaths of infants under 1 year old in a given 1,000 live births in the same years

measures development by combining indicators of life expectancy, education, attainment, and income

the gross domestic product per person

→ output per person within a country

gross national income per person

→ output per person produced by nationals of the country

gross domestic product at purchasing power parity

estimates the amount the exchange rate needs to be adjusted between countries in order for identical goods and services from different countries to have the same price

number of years that a member of the population can be expected to live

annual rate of female deaths per 100,000 live births from any cause relating to pregnancy

compares the number of deaths of infants under 1 year old in a given 1,000 live births in the same years

measures development by combining indicators of life expectancy, education, attainment, and income

more educated population = more productive workforce

Some lower income countries may have a high HDI value due to their high life expectancy/education which are provided by well run public services

An increase in production of economic goods and services, compared from one period of another