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GDP

GDP. Gross Domestic Product (GDP): The value of the goods and services a country produces in a year. GDP is often used to measure the strength of a country’s economy. Measures of Prosperity:. The more money a country has, the higher the standard of living is.

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GDP

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  1. GDP Gross Domestic Product (GDP): The value of the goods and services a country produces in a year. GDP is often used to measure the strength of a country’s economy.

  2. Measures of Prosperity: The more money a country has, the higher the standard of living is. Gross Domestic Product as a measure of prosperity: Gross domestic product is a widely used measure of the health of a countries economy and prosperity. Changes in GDP can be used to track the health of countries economy. To measure how much money individuals in a country have to live on, GDP is averaged over the number of people in the country. The downside of using average as means to measure GDP is that children are often included in the counting. When children are counted, can this raise or lower a countries GDP?

  3. Human Development Index As A Measure Of Prosperity Was developed by the United Nations Development Program Used to measure the quality of life in UN countries HDI classifies developed, developing or undeveloped countries Also measures how economic policies affect the quality of life of a countries' people Main point is to draw attention to governments, the media, and NGO’S

  4. Human development and access to clean water In 2006, the UN development program focused on access to clean water and the ability of societies to use water as a productive resource One billion people don’t have clean drinking water and 1.8 million children die every year because of un-clean water. According to the UN, the poorest people are paying the most for water.

  5. Another Measure Of Prosperity. Some people believe that gross domestic product leaves out important aspects of prosperity King JigmeSingyeWangchuk, created a new index that is based on happiness and well being instead of economic growth The index promotes sustainable social and economic development Preserves cultural values, natural environment, and good governance

  6. King is determent to keep Bhutan from being influenced by globalization, he thinks his new index is benefiting his cause. Advocates of the GPI say that GDP does not measure growth accurately because it does not take individual prosperity into account The GPI takes into account environmental and social aspects as well as volunteer work, making it more accurate.

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