Gini index Studienführer, Klassennotizen & Zusammenfassungen
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ECS1601Test bank with answers 
Economics, past exam papers 
Exam-Pack-Index From 
2017-2022, assignment 1, 
assignment 2, .. ..complete 
solutions 
1 
ECS1601 TEST BANK 
Question 1 
In the goods market of the circular flow model, …. 
1) firms buy factors of production from consumers 
2) firms buy finished products from households 
3) consumers buy factors of production from firms 
4) firms sell factors of production to the government 
5) consumers buy finished products from firms Th...
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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
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Edexcel geography paper 1 questions with complete solution
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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...
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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...
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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...
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Unit 3 - Vocab (IB Global Politics) Questions and Answers 100% Correct
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Unit 3 - Vocab (IB Global Politics) 
Questions and Answers 100% Correct 
development - CORRECT ANSWER-growth, advancement 
globalization - CORRECT ANSWER-the process in which countries are increasingly 
linked to each other through culture and trade 
inequality - CORRECT ANSWER-lack of equality 
development sustainability - CORRECT ANSWER-the ability of a state to be maintained 
at a certain rate or level 
GDP - CORRECT ANSWER-Gross Domestic Product; the total market value of all final 
good...
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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 % ...
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Personal Finance Assignment 1 Exam Questions With Verified Answers
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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...
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IB Global Politics Development Final Study Guide Q&A
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IB Global Politics Development Final 
Study Guide Q&A 
development - CORRECT ANSWER-sustained increase in the standard of living of a 
society 
human development - CORRECT ANSWER-the process of enlarging people's freedoms 
and opportunities and improving their well-being 
economic development - CORRECT ANSWER-the increase in productivity and revenue 
sociopolitical development - CORRECT ANSWER-social developments 
GDP - CORRECT ANSWER-shows average income but does not show how this is 
disp...
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Personal Finance Assignment 1 Exam Questions With Verified Answers
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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...
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