Question

Many organizations release indexes used to measure the development of the world's countries. As we learned in this lesson, these indexes measure many factors, from life expectancy to happiness. In your opinion, what are the three most important factors we can use to determine how developed a country might be? Explain your answers in a few sentences.

Answer 1

In my opinion, out of the many indexes about the development of a country, the three most reliable ones about the level of development would be the GDP nominal, the GDP per capita, and the human rights index.

The GDP nominal will show the overall welfare of the country, the sum of its economy, its production, the way it manages the finances, the progress or decline it is making.

The GDP per capita will show us the average income of the people in the country. So this index will provide us with information about how well the wealth in the country is distributed, are the people poor, middle class, or rich, and what they can or can not afford in their lives.

The human rights index is very important as it defines the basics of the daily lives and the rights that the people have. The more freedom the people have in their expression, the choices in life, their actions, the happier the people would be, and vice versa, the more restricted they are, the less happy would they be.

Answer 2

The nations with a developed economy, high-quality life, advanced research and technological infrastructures are called developed countries. They are rich in the service and industrial sectors.

GDP nominal, human rights index and the GDP per capita are the most important factors that can be used to determine how developed a country might be.

Factors of developed countries can  be explained as:

• The overall welfare and the total of the economical essentials including the production of the goods, monetary management and its advancement are called nominal GDP.

• The average income of the country's citizens is called GDP per capita and it depicts the wealth and capital distribution among the people of the nation. It also tells about the economical class and the work distribution among the people.

• The fundamental rights of the resident of a country is represented by the human rights index. The individuals will be optimistic if they have more independence, rights and liberties to live peacefully and do their jobs.

Therefore, GDP nominal, human rights index and the GDP per capita are the most important factors.

Learn more about the human rights index and GDP per capita here:

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