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This powerpoint is purposefully made for iGCSE Economics using the most recent Cambridge syllabus.

It fully covers - 5.1 Living standards

5.1.1 Indicators of living standards
• real Gross Domestic Product (GDP) per head
• Human Development Index (HDI) and its components
• advantages and disadvantages of real GDP per head and HDI as indicators

5.1.2 Comparing living standards and income distribution
• reasons for differences in living standards and income distribution within and between countries