GDP and HDI

The table gives information about four countries.

Which country has the lowest standard of living?

• A

• B

• C

• D

It was reported in 2011 that an economy had negative economic growth for six months in a row.

What would be evidence for such a situation?

• an increase in GDP

• an increase in profit levels

• an increase in the level of unemployment

• an increase in the standard of living

Why is the Human Development Index (HDI) often considered to be better than GDP per head as a measure of living standards?

• GDP per head excludes economic growth.

• GDP per head ignores population growth.

• HDI includes more than the production of goods and services.

• HDI is calculated by the national government.

What is most likely to cause economic growth?

• a better educated workforce

• a reduction in the right to own property

• decreased wages

• higher taxation

From 2012 to 2013, European economies experienced weak economic growth.

Based on the information on GDP, industrial production and unemployment in the table, which economy performed worst?

• UK

• Germany

• Italy

• Spain

The Human Development Index (HDI) measures more than just average incomes.

What are two additional measures it includes?

• life expectancy

  years of schooling

• percentage unemployed

  number of hospitals

• poverty rate

  years of schooling

• years of schooling

  access to clean water

The table shows some economic indicators for four countries. What can be concluded from the table?

• high GDP growth occurred with low unemployment

• high inflation occurred with high GDP growth

• low GDP growth occurred with low inflation

• low inflation occurred with high unemployment

Which combination of changes is most likely to result in a fall in living standards in a country?

• GDP fall

  inflation fall

  population rise

• GDP fall

  inflation rise

  population rise

• GDP rise

  inflation fall

  population fall

• GDP rise

  inflation rise

  population fall