IB Economics HL 4.8.4 Evaluating development measures
IB Economics HL 4.8.4 Evaluating development measures
Students practise evaluating GDP as a development measure by contrasting growth with welfare outcomes—using real-world examples and data to weigh limitations like inequality or…
How this is tested
- evaluate real GDP as a measure by weighing income against non-material welfare
- explain why economic growth does not automatically deliver development
- use country data to show high GNI per capita may not ensure strong development