1Gross domestic product (GPD)
the total output produced in a country
2Gross national income (GNI)
GDP + net income from abroad
3Net domestic product
GDP - depreciation
4Net national incone (NNI)
gross national income (GNI) - depreciation
5Purchasing power parity (PPP)
a way of comapring international living standards by using an exchange rate based on the amount of each currency needed to purchase the same basket of goods and services
6Human development index (HDI)
a composite measure of living standards that includes GNI per head education and life expectancy
7Measurable economic welfare (MEW)
a composite measure of living standards that adjusts GDP for factors that reduce living standards and factors that improve living standards (enviornmental damage or increased leisrure time )
8Multidimensional poverty index (MPI)
a composite measure of deprivation in terms of the proportion of households that lack the requirments for a reasonable standard of living
measures indicators of standard of living education and health