ECS Exam 2..docx

What is the relationship between economic growth, poverty and inequality - correct answer Economic growth reduces poverty because growth has little impact on income inequality. frequency distribution - correct answer a list of the values that a variable takes ordered by quantity, showing the number of times each value appears. Size distribution - correct answer The distribution of income according to size class of persons Quintile - correct answer A 20% proportion of any numerical quantity. A population divided into ______ would be divided into five groups of equal size. income inequality - correct answer The disproportionate distribution of total national income among households. Lorenz Curve - correct answer A graph depicting the variance of the size distribution of income from perfect equality. Gini Coefficient - correct answer An aggregate numerical measure of income inequality ranging from 0 (perfect equality) to 1 (perfect inequality). Kuznets Ratio - correct answer income received by top 20% / income received by bottom 40% Kuznet's Inverted U Hypothesis - correct answer suggests that distribution of income will worsen and then improve as a country grows in later stages. absolute poverty - correct answer The situation of being unable or only barely able to meet the essentials of food, clothing, and shelter. poverty line - correct answer the official measure of poverty; the level of income to meet the minimum living condition Headcount Index - correct answer The proportion of a country's population living below the poverty line. Total Poverty Gap - correct answer The sum of the difference between the poverty line and actual income levels of all people living below that line. multidimensional poverty index - correct answer identifies the poor using dual cutoffs for levels and numbers of deprivations, and then multiplies the percentage of people living in poverty times the percent of weighted indicators for which poor households are deprived on average. population doubling time - correct answer Period that a given population or other quantity takes to increase by its present size. birth rate - correct answer he number of children born alive each year per 1,000 population death rate - correct answer The number of deaths each year per 1,000 population. natural increase - correct answer The difference between births and deaths; not counting people who come in and leave total fertilty rate - correct answer The number of children that would be born to a woman if she were to live to the end of her childbearing years youth dependency ratio - correct answer The proportion of young people under age 15 to the working population aged 16 to 64 in a country. demographic transition - correct answer The phasing out process of population growth rates from a virtually stagnant growth stage, characterized by high birth rates and death rates through a rapid-growth stage with high birth rates and low death rates to a stable, low-growth stage in which both birth and death rates are low.