Prompt

Many organizations release indexes used to measure the development of the world's countries. As we learned in this lesson,

these indexes measure many factors, from life expectancy to happiness. In your opinion, what are the three most important

factors we can use to determine how developed a country might be? Explain your answers in a few sentences.

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas.

the three most reliable ones about the level of development would be the GDP nominal, the GDP per capita, and the human rights index. The GDP nominal will show the overall welfare of the country, the sum of its economy, its production, the way it manages the finances, the progress or decline it is making. The GDP per capita will show us the average income of the people in the country. So this index will provide us with information about how well the wealth in the country is distributed, are the people poor, middle class, or rich, and what they can or can not afford in their lives. The human rights index is very important as it defines the basics of the daily lives and the rights that the people have. The more freedom the people have in their expression, the choices in life, their actions, the happier the people would be, and vice versa, the more restricted they are, the less happy would they be.