Gini coefficient Samenvattingen, Aantekeningen en Examens

WGU C273 (2022/2023) Rated A+ C. Wright Mills coined the term sociological imagination sociological imagination the vivid awareness of the relationship between personal experience and the wider society Sociology systematic study of social life and human society. The sociological perspective looks for the "general in the particular Émile Durkheim one of the first sociologists to specify what exactly is "social" about our individual actions and decisions Social Facts (Durkheim) "types of ...

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...

Exam 2 Ch 6-11 book questions & Answers. Graded A+ OECD (Organization for Economic Cooperation and Development) A forum of 35 of the most economically developed economies. Governments work together to share experiences and seek solutions to common problems. Which of these countries has the highest GDP per capita France Germany Sweden UK US-correct Which of these countries has the lowest Gini coefficient? France Germany Sweden-correct UK US Who were the inner six? France, Germ...

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 % change in ...

AREC 365 - Exam 2 Chapter Quizzes with Complete Solutions The upward slope of the supply curve means that as the price of a good increases, the producer is more willing to produce: More of a good A technological improvement is some kind of new knowledge that allows farmers to: Produce more output with the same resources Items considered luxuries tend to have income elasticities: Above 1 True/False. The supply curve shows how much of a good a person will want to consume at all p...

WGU D080 Q&A Graded A+ Latest Update 2023/2024 Globalization Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors trade The action of buying and selling goods and services capital Financial assets such as funds but also equipment, facilities, and other means of production outsource To obtain...

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...

what are the economic measures of development? Answer - income per capita/GDP (widely used but isn't easy to measure as earnings of informal businesses need to be accounted for) - economic sector balance (estimate so isn't accurate) (cost of living varies significantly between countries but PPP takes into account the differing costs of living) what are the social measures of development? Answer - human development index (considers a range of factors but difficult to access certain...

Balance of Payments (BOP) Statement that summarizes all economic transactions between a country and the rest of the world during a given period of time BRICS Brazil, Russia, India, China, and South Africa Capital Accounts Component of the Balance of Payments that tracks both loans given to foreigners and loans received by citizens Capitalism An economic system characterized by private ownership, pricing, production, and distribution of goods Command Economy An ec...

GDP - total value of all goods and services produced in a country in a year Gini Coefficient - a statistical method of modeling/graphing the extent of wealth inequality GDP per capita - Gross domestic product divided by the number of people in the population. infrastructure - the basic systems and structures a state needs to work properly Privitization - the sale of a business that was owned and managed by government to a private company/individual trickle-down - a belief that wealth gaine...