Economic Indicators
Formulate your formulas
Acronyms
Development Perspectives
100

This very yuckily measures the economic output of a country within a specific period.

Gross Domestic Product 

100

Total Income of Area/Total Population is used to determine the ?

Per Capita Income 

100

QOL indicators include ratification of treaties, parliamentary seats held by women, CO2 emissions etc.

Quality of Life 

100
Believes that the world developed unevenly and in order for underdeveloped countries to progress they needed to sever the link to developed countries 

Dependency/Plantation 

200

Used to figure out the average income of each citizen within a country for a year 

Per Capita Income

200

Dividing the number of people by the Land Area that they occupy will give you this expression of human population 

Population Density 

200

The GDP of a country refers to its:

Gross Domestic Product 

200

This theory proposes that all countries have the potential to develop economically and eventually become industrial states 

Modernization theory 

300
This provides a rough idea of whether the general population can meet their basic needs.

Cost of Living 

300

Fertility Rate is calculated by using this formula 

Total Live Births/Total No. of Females in The Population of Child Bearing Age x1000

300
BC practices are used to aid in family planning

Birth Control 

300

This theorist compared traditional societies to modern ones and believed that in order to switch to modern, they needed to change the values, norms and attitudes of the people 

Talcott Parsons

400

The Gross National Product refers to the total income produced by citizens for a specific period. Today it has been replaced by this indicator which is inclusive of the GDP and net income from abroad

Gross National Income 

400

Crude Birth Rate is Calculated in this way  

No of Live Births/Total population x 1000

400

DT refers to the shift in birth rates from high to low levels in a population 

Demographic Transition 

400

This theory drew comparison to biological evolution - believing that society was in a perpetual struggle for the survival of the fittest and that Western countries represented the highest stage of social progress 

Social Darwinism 

500

Although this has mostly been replaced by the Human Development Index, it was previously one of the most important indicators used to compare development by looking at the wealth of a country compared to the level of comfort enjoyed by its citizens 

Standard of Living

500

Growth Rate is calculated using this formula 

GR = Change in Population/Period of Time

500

IMR refers to the number of deaths of infants per 1000 live births in a given year 

Infant Mortality Rate 

500

This economist outlined a 5-stage process within which a society goes through the stages of economic growth and progress 

W.W Rostow 

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