Principles of Macroeconomics Study Set 15
Economic Development Is Defined as a Process That Produces Sustained
Economic development is defined as a process that produces sustained and widely shared gains in per capita real GDP.
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The human development index is a more powerful alternative to GDP per capita as a summary measure of human well-being.
The human development index captures all the different dimensions of human development including political freedom and environmental sustainability.
The Malthusian population theory states that population growth directly causes poverty and underdevelopment because it impacts the environment in negative ways.
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