Learning objectives
Distinguish economic growth from economic development and classify economies by level of development and by level of national income
Use monetary indicators — real GDP, GNI and NNI per capita at purchasing power parity — and explain the problems of comparing countries with them
Use non-monetary indicators and the composite HDI, Measure of Economic Welfare (MEW) and Multidimensional Poverty Index (MPI), and explain the Kuznets curve
Compare growth rates and living standards over time and between countries
Explain the barriers to development and evaluate the forms, motives and effects of international aid
Continue with a revision plan
These learning objectives are available to everyone. Sign in with an eligible plan to read the full note and worked examples.