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Cambridge IGCSE Economics practice

Paper 2 structured question: Living standards

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Living standards

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Paper 2Structured Questions1 marks

Living standards are often assessed using various indicators.

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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Paper 2 structured question: Living standards

Paper 2Structured Questions2 marks

Description

Living Standards Comparison

When comparing living standards, Real GDP per capita and HDI are frequently used. Each measure has its strengths and weaknesses, and understanding these can help in making informed comparisons.

  1. a

    Explain one advantage and one disadvantage of using Real GDP per capita as a measure of living standards.

    Aim for approximately 2 distinct marking points.

    [2]