2.5.4 The impact of growth Flashcards
1
Q
Distribution of income
A
how incomes are spread across households within the population
2
Q
Economic development
A
Long run improvements of things such as income per capita, education and poverty
3
Q
Foreign direct investment
A
in flaws of capital from foreign multi nationals (MNCs), including takeovers and tangible investments in factories and technology
4
Q
Inflation
A
A sustained increase in the general price level for goods and services
5
Q
Non-inflationary growth
A
Sustained growth of real national output while maintaining price stability
6
Q
Per capita incomes
A
incomer head of the population – a measure of average living standards
E.G. gross national income per capita = GNI/total population
