Page 35 - 9 teachers social book 9 @ 2077 ctp_Neat

Education, health and nutrition
Political freedom
Employment
Economic equality and human rights
Self-development
Co-ordination and good governance
Peace and security
Freedom and self-decision
Gender equality
Equal distribution of income and property

2. Quantitative Indicators

It indicates the economic aspect. It states that development is possible due to
progress in economic activities. The indicators are as follows:
Increase in per capita income
Increase in gross domestic income
Increase in productivity
Industrialization
Specialization on machine technology and equipment
Construction of infrastructure of development
Better utilization of natural and financial resources
Involvement in globalization
Urbanization
The actual development of a nation can be determined by the Human Development
Index (HDI). If HDI is high, then the country is categorized in developed country. The
HDI is calculated in between 0 and 1.The HDI is calculated on the basic of per capita
income (PCI), life expectancy and literacy rate. The other indicators to measure the
economic growth of the country are Gross Domestic Product (GDP) and Gross Nation
Product (GNP). Incresement in these aspects shows the economic growth of a country.

GDP, GNP and PCI for Economic Growth

Gross Domestic Product (GDP)

The monetary value of all goods and services produced within a nation is territory
over a specified period of time is called Gross Domestic Product.

Gross National Product (GNP)
The monetary value of all goods and services produced within a nation's territory with
addition of any income earned by residents from overseas investment, foreign aids,
remittance is called Gross National product.
35 Dynamic Social Studies - Book IX