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    5.1 Living Standards

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    abdulla.rasheed
    The document contains questions about measuring and influencing living standards. It discusses measures like GDP per capita, HDI, labor productivity, and natural resource discovery. Living standards are determined by income, health, education and other quality of life factors. They vary between countries due to differences in resources, technologies, economic policies and other socioeconomic conditions. Natural resource wealth could potentially increase living standards if managed effectively.

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    5.1 Living Standards

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    abdulla.rasheed
    27 views5 pages
    The document contains questions about measuring and influencing living standards. It discusses measures like GDP per capita, HDI, labor productivity, and natural resource discovery. Living standards are determined by income, health, education and other quality of life factors. They vary between countries due to differences in resources, technologies, economic policies and other socioeconomic conditions. Natural resource wealth could potentially increase living standards if managed effectively.

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    The document contains questions about measuring and influencing living standards. It discusses measures like GDP per capita, HDI, labor productivity, and natural resource discovery. Living standards are determined by income, health, education and other quality of life factors. They vary between countries due to differences in resources, technologies, economic policies and other socioeconomic conditions. Natural resource wealth could potentially increase living standards if managed effectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views5 pages

    5.1 Living Standards

    Uploaded by

    abdulla.rasheed
    The document contains questions about measuring and influencing living standards. It discusses measures like GDP per capita, HDI, labor productivity, and natural resource discovery. Living standards are determined by income, health, education and other quality of life factors. They vary between countries due to differences in resources, technologies, economic policies and other socioeconomic conditions. Natural resource wealth could potentially increase living standards if managed effectively.

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    5.

    Development Economics
    5.1 Living standards
    1. Identify two components of the HDI. (2) TB

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    2. Identify two influences on living standards. (2) TB

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    3. Explain why real GDP per head is a better measure of the standard of living in a country than
    nominal GDP. (4) TB

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    4. Discuss whether or not HDI is a good measure of living standards. (8) TB

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    Section 5: Development Economics Page | 1


    5. Analyse the causes of differences in the level of income between countries. [6]

    6. Analyse how living standards in Nigeria compare with living standards in Ethiopia in 2017. [4]

    7. Explain two reasons for differences in living standards between countries. [4] ON2022/p23/Q5b

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    8. Analyse the effects on income distribution and tax revenue of an increase in indirect taxes. [6]
    ON2020/P22/Q3c

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    Section 5: Development Economics Page | 2


    9. Discuss whether or not having a lower GDP will be a disadvantage to an economy. [8]

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    Section 5: Development Economics Page | 3


    10. Discuss whether or not a decrease in the average hours worked is likely to have an impact on a
    country’s HDI. (6) TB

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    Section 5: Development Economics Page | 4


    11. Analyse how a rise in labour productivity can increase living standards. (6) TB

    12. Discuss whether or not the discovery of oil is likely to increase living standards in Guyana. [6]

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    Section 5: Development Economics Page | 5

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