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Understanding GDP, GNI, and Human Development Indicators in Ecuador

This article explores key economic indicators such as Gross Domestic Product (GDP) and Gross National Income (GNI), highlighting their significance in measuring a country's economic performance. It discusses various indicators like birth and death rates, infant mortality, literacy rates, and life expectancy that contribute to a nation's Human Development Index (HDI). Ecuador is analyzed within this context, revealing its classification as a medium-development country based on these critical socio-economic factors.

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Understanding GDP, GNI, and Human Development Indicators in Ecuador

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  1. Gross Domestic Product (GDP): Total value of goods and services produced within a country in one year.

  2. Gross National Income (GNI): monetary value goods and services produced plus income received from investments abroad.Often expressed asPer Capita GNI.

  3. Other indicators:Dependency ratio (per 100 workers)and…

  4. All these. LDC or MDC? • Crude Birth Rate = high • Crude Death Rate = high • Infant Mortality Rate = high • Literacy Rate = high • School Enrollment = high • Total Fertility Rate =high • Total % of pop under 15 =high • Life Expectancy = high • Natural Increase Rate = high • GNP per Capita = high • Primary Economic Activities= high • Service Economic Activities =high • % living in Rural areas =high • % living in Urban areas =high

  5. Development is measured with a variety of methods: The Human Development Index was created by the United Nations to show how development is measured. The highest index is 1.0. What factors determine a country’s HDI? • Economic Factor: - GNP per capita 2. Demographic Factor: - Life Expectancy 3. Social Factors: -Literacy rate -School enrollment

  6. The HDI of any given country is categorized on a continuum of High, Medium, or Low Human Development. Ecuador is ranked medium development based on the 4 factors.

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