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Understand the measures of living standards, including Real GDP per capita and the Human Development Index (HDI). Learn about the elements that make up real GDP and HDI, along with their respective benefits and drawbacks.

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Cambridge IGCSE EconomicsEconomic development

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Understand the measures of living standards, including Real GDP per capita and the Human Development Index (HDI). Learn about the elements that make up real GDP and HDI, along with their respective benefits and drawbacks

  • This point belongs to Living standards, especially Living standards outcomes.
  • You need to be able to understand the measures of living standards, including Real GDP per capita and the Human Development Index (HDI). Learn about the elements that make up real GDP and HDI, along with their respective benefits and drawbacks.
  • The key ideas to know are Define, Describe, and Explain.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DefineDescribeExplain

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Paper 2 structured question: Living standards

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Description

Measures of Living Standards

Real GDP per capita and the Human Development Index (HDI) are two primary measures used to evaluate living standards. Real GDP per capita reflects the average economic output per person, while HDI incorporates health, education, and income indicators.

  1. a

    State one measure of living standards.

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources