Assignment 3 Dva 1501

Topics: Life expectancy, Mortality rate, Gross domestic product Pages: 3 (605 words) Published: September 15, 2013
Assignment 3
Development Indicators
Development indicators is usually a numerical measure of quality of life in a country. These indicators are used to illustrate progress of a country in meeting a range of economic, social, and environmental goals. There are many development indicators. A few examples as follows:

GDP (Gross Domestic Product) - which is basically all the money that a country owns divide over each of its citizens. •Literacy % - How many of the people in the country can read and write? •What % - of the water in the country would be deem-able "safe" to drink? •Employment % - What percentage of people are unemployed? •Infant Mortality rate, how many new born children survive past a certain age?

GNP – Gross National Product

GNP is a measure of a country's economic performance, or what its citizens produced (i.e. goods and services) and whether they produced these items within its borders, known as the market value of all the products and services produced in one year by labor and property supplied by the residents of a country. Which falls under an economic statistic that includes GDP (Gross Domestic Product), plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents. Comparisons of GNP from year to year, indicates changes in the countries overall production as well as the direction of its economy.

Advantages:
It is a good indicator of the state of the economy and its provision of services. •Often used to rank countries which makes it easier to compare.

Disadvantages:
It does not show the difference in wealth between people and places in a country. •Excludes sales of used cars and existing houses.

Child (under 5) Mortality Rates

This refers to the death of infants and children under the age of 5. Child Mortality Rate is the highest in low-income countries. Children in third world countries are 3 time more likely to die before they turn...
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