3.1 How is development measured? (+ development indicators) Flashcards
What does GDP stand for and what does it mean?
GDP stands for Gross Domestic Product. It is the value of all goods and services generated by people and businesses WITHIN a country’s borders
What is GNI and what does it stand for?
GNI stands for Gross National income. It is the total value of goods and services produced domestically and overseas.
What is poverty headcount ratio at $1.90?
Poverty headcount ratio at $1.90 is the percentage of the population living on less that $1.90 per day.
What is birth rate?
The birth rate is the number of live births per 1,000 people per year.
What is the death rate?
The death rate is the number of deaths per 1,000 people per year.
What is the infant mortality rate?
The infant mortality rate is the number of babies that die before their first birthday per 1,000 live births per year.
What is PPP and what does it stand for?
PPP stands for Purchasing power parity it is basically how much you could buy with one US dollar in that country.
What is the corruptions perceptions index?
The corruptions perceptions index grades countries from ‘highly corrupt’ to ‘ very clean’
What is water security?
Water security is access to clean and safe drinking water.
What is food security?
Food security is access to nutritious food.
What is inequality of wealth?
Inequality of wealth is the wage gap between the country’s richest and the poorest people.
