Notes>Development Economics>4.2 Measuring development

Definitions   Relative poverty is a comparative level of poverty. A person is said to be in relative poverty if they don’t reach a specified level of income. Absolute poverty is measured in terms of the basic necessities of survival., i.e. the level of income...

GDP Figures GDP per capita: the gross domestic product per person. This is the output per person within the borders of a country. For instance, the GDP per capita in France was $42560.40, whilst the GDP per capita in Guinea was $523.10 in 2013 (world bank). GNI per...