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Development Chapter 10 Key Question: How do you Define and Measure Development? What does Development Mean? •Development implies “progress” –Progress in what? –Do all cultures view development the same way? –Do all cultures “value” the same kinds of development? Measuring Development Gross National Product (GNP) Gross Domestic Measure of the total Product (GDP) Gross National value of the officially Measure of the total Income (GNI) recorded goods and value of the officially services produced by the recorded goods and Measure of the citizens and services produced by the monetary worth of what corporations of a citizens and is produced within a country in a given year. corporations of a country plus income Includes things country in a given year. received from produced inside and investments outside the outside a country’s country. territory. ** Most common measurement used today.
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