3.a The Distristribution of Social Inequality And How This Is Measured Through Indicies Such As Housing Healthcare, Education, Employment And Acess To Services Flashcards
1
Q
Define quality of life
A
Subjective measure of degree of wellbeing
2
Q
Standard of living
A
Level of wealth, comfort and which material goods and necessities are available to a socio-economic class/geographic area
3
Q
Define purchasing power parity
A
A theoretical exchange rate that allows you to buy the same amount of goods and services in each country.
4
Q
Relative poverty
A
60% median household income
13 million people and 3.5 million children in the UK
5
Q
Absolute poverty
A
Defined by the World Bank as less than USD$2.5/day
6
Q
Gini coefficient
A
Measure of income inequality
Plotted on graph to show Lorenz curve
