Answer to Question #193564 in Economics for jordan

Question

List three conditions that help determine the quality of life in a less developed country

Answer 1

The primary factor used to distinguish developed countries from developing countries is the gross domestic product (GDP) per capita, a tally of all the goods and services produced in a country in one year, expressed in U.S. dollars.

Another measuring device: the human development index (HDI), developed by the United Nations as a metric to assess the social and economic development levels of countries. It quantifies life expectancy, educational attainment and income into a standardized number between zero and one; the closer to one, the more developed the country.

Alternative measurements such as gross national happiness have been suggested as important indicators.