A-Level CAIE Economics A2 11.3.3—Living standards/development indicators Question Bank

• Indicators of living standards and economic development:

- monetary indicators including real per capita national income statistics (GDP, GNI, NNI) and purchasing power parity

- issues of comparison using monetary indicators

- non-monetary indicators

- composite indicators:

- Human Development Index (HDI)

- Measure of Economic Welfare (MEW)

- Multidimensional Poverty Index (MPI)

- the Kuznets curve