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Part One: Development and Growth
1 Chapter 1. Patterns of Development
2 Chapter 2. Measuring Economic Growth and Development
3 Chapter 3. Economic Growth: Concepts and Patterns
4 Chapter 4. Theories of Economic Growth
5 Chapter 5. States and Markets
Part Two: Distribution and Human Resources
6 Chapter 6. Inequality and Poverty
7 Chapter 7. Population
8 Chapter 8. Education
9 Chapter 9. Health
Part Three: Saving, Investment, and Capital Flows
10 Chapter 10. Saving and Resource Mobilization
11 Chapter 11. Investment, Productivity, and Growth
12 Chapter 12. Fiscal Policy
13 Chapter 13. Financial Policy
14 Chapter 14. Foreign Aid
15 Chapter 15. Foreign Debt and Financial Crises
Part Four: Production and Trade
16 Chapter 16. Agriculture
17 Chapter 17. Primary Exports
18 Chapter 18. Industry
19 Chapter 19. Trade and Development
20 Chapter 20. Sustainable Development
21 Chapter 21. Managing an Open Economy
Chapter 2: Measuring Economic Growth and Development

Chapter Learning Objectives

After reading the chapter, you ought to understand and be able to explain:

  1. The problems that arise in measuring aggregate output and making comparisons across countries and over time.
  2. The major trends in per capita income across major world regions in the past century.
  3. The differences between using the human development index and income in measuring welfare.
  4. The impact of the Millennium Development Goals and its particular impact on Sub-Saharan Africa.

 

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NOTE TO INSTRUCTORS:  the answers to the Exercises are found on the Norton Resource Library, not the Gradebook.  To access that go to www.wwnorton.com/nrl.