Measuring development

IB Economics: Measuring development

How do we distinguish between low, middle and high income nations? Should we simply use GDP / GNI per capita as a measure? A comparison of single index and composite index measurements.Lesson time: 85 minutes Lesson objectives: Compare and contrast GDP per capita figures and GDP per capita figures at purchasing power parity (PPP) exchange rates for economically more developed countries and economically less developed...

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