Which indicator is most commonly used by IMF and World Bank to measure development?
GDP
Which country ranks highest in the HDI?
Switzerland
What does capita mean?
Person.
What is GDP used to measure?
A country's economy.
What are 2 consequences to economic growth?
Climate change and wealth inequality.
What concept does GDP fail to capture?
Well-being.
What are 6 areas of development for a country?
Economic, social, demographic, political, cultural and environmental.
What are 3 examples of a social single indicator?
Literacy rates, primary school attendance, tertiary education, domestic violence, life expectancy, infant/child mortality rates, nutrition, HIV/AIDS, etc.
Name 3 economic indicators.
Internet connectivity, mobile ownership, GDP/GNP/GNI per capita, unemployment rate, debt ratio, economic freedom index, car ownership, income, home ownership
Name 3 single environmental indicators.
Forrest cover, areas protected, pollution level, biodiversity, endangered species.
Name 2 composite indicators.
Human development index, multidimensional poverty index, gender inequality index, fragile states index
What is marginalization?
Marginalisation is the process of being pushed to the edge of economic activity, of being largely left out of positive economic trends
Describe the basic needs approach.
there are certain goods and services which every human being ought to have in order to live a decent life
What is the basic needs approach mainly used to measure?
Levels of poverty in a country.
What are some criticisms of the basic needs approach?
Consumption-oriented, programs that focus more on subsistence than fairness. It focuses on allowing the society to consume just enough to rise above the...
What are Amartya Sen's 2 professions?
Economist and philosopher.
