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Term 1: J2 H2 EC CE1
SOL amp; Its Indicators
2014
2015
Real GDP growth rates (%)
2016
3.9
2.89
2.96
G. coefficient (before accounting
0.464
0.463
for Government transfers amp; taxes)
0.458
Gini coefficient (after accounting
0.411
0.410
0.402
for Government transfers amp; taxes)
Inflation rate (%)
1.02
-0.52
-0.53
Source: Singapore Department of Statistics
O
ssess the extent to which the above indicators are useful in determining the change in
ngapore’s standard of living.
[15]Economics