Gini index Studienführer, Klassennotizen & Zusammenfassungen

IB Global Politics Development Latest Update Graded A+ development sustained increase in the standard of living of a society human development the process of enlarging people's freedoms and opportunities and improving their well-being economic development the increase in productivity and revenue sociopolitical development social developments GDP shows average income but does not show how this is dispersed Gini Coefficient measures inequality of society, assumes inequality ...

poverty - the inability to obtain goods or services understood as sufficient for social defined by minimal needs how does the US define poverty? - income poverty line - poverty and inequality - NOT THE SAME GINI index - A statistical measure of the distribution of income in a nation. A higher number indicates more in quality in incomes within a nation from 0-.1 which country has the highest GINI index - sierra leon

What is the Human development index (HDI)? - ANSWER-- This measure the education, healthcare, income, life expectancy and other factors - Scales from 0 (least developed country) to 1 (most developed country What is gross domestic product per capita (GDP)? - ANSWER-- This is the total value of goods and services produced by a country annually - GDP per capita equals GDP divided by the population of a country What is corruption perception Index (CPI)? - ANSWER-- This is approximate measurem...

IB Global Politics Development Latest Update 100% Solved development a sustained increase in the standard of living within a society Maslow's Hierarchy of Needs physiological, safety, love/belonging, esteem, self- actualization socio-political combining social and political factors GDP Gross Domestic Product- the total market value of all final goods and services produced annually in an economy Gini Coefficient A measure of income inequality within a population, ranging from...

development - Answer-a sustained increase in the standard of living within a society Maslow's Hierarchy of Needs - Answer-physiological, safety, love/belonging, esteem, self-actualization socio-political - Answer-combining social and political factors GDP - Answer-Gross Domestic Product- the total market value of all final goods and services produced annually in an economy Gini Coefficient - Answer-A measure of income inequality within a population, ranging from zero for complete equality...

Macroeconomics The study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand The total amount of goods / services demanded in an economy at a given time at a given price level. Aggregate supply Total amount of goods and services supplied in the economy at a given time at given price level. What is GDP? Gross Domestic Product = the total value of all goods and services produced in an economy in a given time period. What does % ...

balance of payments reports a country's trade and financial transactions with the rest of the world -trade (current account) and surplus/deficit (financial account) command economy the government owns and controls resources, taking on the authority to decide what products to make, in what quantity, in what way, and at what price -anchored in the doctrine of communism -government directed/mostly owned, collectivism market economy an economic system whereby individuals, rather...

Personal Finance Assignment 1 Exam Questions With Verified Answers 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points). - answerTwo important things financial planning can help me do is to create a budget and plan for retirement. Creating a budget is an important thing to do because it helps to organize your finances and figure out how much money you have to sp...

Six Sigma - Answer A method that provides tools for organizations to increase performance and decrease process variation Globilization - Answer when international integration arises from the interchange of world views, products, ideas, and other aspects of culture. CAGE - Answer culture, administration, geography, economics Gini Coefficient - Answer measures the inequality among values of a frequency distribution such as levels of income Happy Planet Index - Answer measures how well natio...

development - Answer- a sustained increase in the standard of living within a society Maslow's Hierarchy of Needs - Answer- physiological, safety, love/belonging, esteem, self-actualization socio-political - Answer- combining social and political factors GDP - Answer- Gross Domestic Product- the total market value of all final goods and services produced annually in an economy Gini Coefficient - Answer- A measure of income inequality within a population, ranging from zero for comple...