Explain two criticisms of GDP as an economic indicator.What is the difference between absolute and relative poverty?

IGCSE ECONOMIC DEVELOPMENT
ECONOMIC DEVELOPMENT
1. Give two areas economists focus on when judging ‘economic development’.
2. Explain two criticisms of GDP as an economic indicator.
3. Other than GNI per capita, what are the components of the Human Development Index?
4. What is the difference between absolute and relative poverty?
5. Give two policies governments use to tackle poverty.
6. Give two factors that affect population growth.
7. In general, are rates of population growth higher or lower in a developing country or a developed one. Explain your answer.
8. Give two factors that bring lower mortality and fertility rates as countries develop.
9. Give two problems that can occur in developed countries related to population change.
10. Give two ways that the structure of the population can be divided.
11. Give two reasons why inequality in income or wealth distribution occurs.
12. Give two reasons why one country may have higher living standards than another. 13. Give and explain an example of how it is possible to have a high standard of living, but a relatively lower quality of life.

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