Measuring Development

What is meant by the terms poverty trap and poverty cycle? What's the difference between relative and absolute poverty? How is the poverty cycle illustrated?

 Discover the ways to measure economic development. Fundamental financial, health and educational indicators are discussed along with Purchasing Power Parity (PPP) and the Big Mac Index. Finally, find out about the Human Development Index (HDI), as well as other composite indices, such as the GDI, GEM, HPI & GPI.

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