Chapter 5 Flashcards
occurs when individuals do not possess the same level of material wealth or overall living economic conditions.
Inequality
the disproportionate of total income among households.
Income Inequality
T or F
the higher the income inequlaity, the poverty also rise
T
the distribution of income according to size or class of persons.
per household
Personal or Size distribution income
a graphical representation in income inequality or wealth inequality developed by Max Lorenz in 1905.
total population
Lorenz Curve
an aggregate numerical measure of income inequality ranging from 0 to 1.
kapag mataas coefficient, inequality arises
Gini Coefficient
not disclose high incme/low income
Anonymity
not measure size of economy
scale independence
not measure population
population size independence
not measurethe inheritance
transfer principle
the distribution of income to factors of production without regard to the ownership of the factors.
Functional distribution of income
population proportion that exists below the poverty threshold
headcount index
ratio by which the mean income of the poor falls below the poverty line
total poverty gap
poverty is being measured through life expectancy, education and overall econ conditions of people
human poverty index
identifies multiple deprivations of individuals
multidimensional poverty index
who are the poor?
Rural
Women
Ethnic Minorities
People in poor countries
Policies for Poverty Alleviation and Reducing Inequality
Human Capital
Increase school enrollment for girls
Rural Development
