Contemp Test 2 Part 1

Question 1

Main economic indicators

Answer 1

Gross Demoestic Product, Gross national income, annual growth, inflation rate, and imports and exports

Question 2

GDP

Answer 2

measures the wealth created in a given year(# of inhabitants)

Question 3

GDP per capita

Answer 3

measures the standard of living and attributes a value to the population’s purchasing power

Question 4

Gross national income

Answer 4

average income earned by a country’s population

Question 5

Annual growth

Answer 5

annual growth of the GDP

Question 6

Inflation rate

Answer 6

measures overall increase in the price of goods and services

Question 7

Imports and exports

Answer 7

Imports are goods and services entering the country. Exports are those that a country sells to another country

Question 8

What is the human development index based on

Answer 8

Based on a vision development that goes beyond income and economy

Question 9

What does the HDI take account of

Answer 9

Aspects related to the well-being and ability

Question 10

How is the HDI calculated

Answer 10

-1/3 GDP to represent the average standard of living
-1/3 life expectancy at birth:indicates pop’s health
-2/9 Adult literacy rate: % of ppl over the age of 15 that can read or write
-1/9 enrollment rate: proportion of young ppl who are educated

Question 11

Number difference of result of HDI

Answer 11

btween 0(deplorable) and 1(excellent)

Question 12

HDI of less developed countries

Answer 12

Have an HDI under 0.5

Question 13

HDI of developed countries

Answer 13

Have an HDI score of above 0.8

Question 14

How is wealth distirbuted around the world

Answer 14

Unequally, only concemtrated in a few dozen countries

Question 15

Developed countries and wealth (HDI and GDP per capita)

Answer 15

Wealthiest countries. GDP per capita over US$8,000 or HDI at least 0.8. In Northern and industrialized countries

Question 16

Developing countries wealth (HDI)

Answer 16

Country with HDI above 0.5. Southern countires, a hetergeneous group.

Question 17

Emerging economies

Answer 17

Subcategory of developing countries. Impressive economic growth , standard of living starting to resemble that in Northern countries (Brazil, Russia, India, China and the Asain Dragons and Tigers

Question 18

Least developed countries and wealth (HDI and GDP per capita)

Answer 18

The poorest with GDP under US$900 and HDI of less than 0.5. In 1970: 25 but now 49 and most in Sub-Saharan Africa

Question 19

Foreign Debt

Answer 19

Money a country owes to foreign creditors. Could be international institutions (IMF or World Bank), other States or private creditors

Question 20

Is debt a bad thing?, what can it do as a positive

Answer 20

Being un debt is not necessarily a bad thing, since money can be used to create wealth and stimulate economic growth

Question 21

What happened to developing countries after decolonization

Answer 21

They contracted sizable debts with the IMF, World Bank and other States. This enabled many to gain their independence

Question 22

What was the money borrowed from the developing countries used for

Answer 22

For infrastructure or industrialization and to finance civil wars or to line pockets

Question 23

How much did the debt of developing countries rise up to

Answer 23

1960: US$8 billion to US $2.6 trillion in 2004

Question 24

How much have developing countries paid back since 1960

Answer 24

10 times what they borrowed

Question 25

What did the IMF and the World Bank launch in 1996

Answer 25

An initiative to alleviate the debt of heavily indebted poor countries unable to pay back what they owed.

Question 26

What conditions to these countries have to meet in order to have their debt alleviated

Answer 26

-Debt must be impossible to sustain
-Must commit to major reforms

Question 27

In 2007 how many countries were eligible for the program of the IMF and World Bank

Answer 27

41 countries, 3/4 in Sub-Saharan Africa were eligible

Question 28

Where else is wealth unequally distributed other than among countries

Answer 28

Among members of any given society

Question 29

In countries both developing and wealthy, what are the major differences

Answer 29

-rich and poor
-men and women

Question 30

Where is the significant gap btween wealthiest and poorest more marked around the world

Answer 30

In Southern countries, especially Latin America and Africa

Question 31

What often helps limit inequalities in developed countries

Answer 31

Tax policies

Question 32

How has the gap btween rich and poor gone in recent decades

Answer 32

Getting worse, even in decreased countries

Question 33

Urban-Rural Gap: who makes more money in these areas

Answer 33

Ppl in the city make more than ppl in rural areas

Question 34

In countries with emerging incomes, what is the situation of the income disparity btween ppl who live in cities and ppl who live in rural areas

Answer 34

Income disparity is growing

Question 35

What do urban areas have in addition to having more money

Answer 35

Better access to services, in areas of health and education

Question 36

Gender Inequality: status of women in today’s world

Answer 36

Are poorer than men, don’t have the same opportunities

Question 37

In 2008, what is the percentage of women who were living in extreme poverty

Answer 37

70% of women out of 1.3 billion ppl were living in extreme poverty

Question 38

On average, how much less do women earn than men

Answer 38

17%

Question 39

OF all the children in the world w/o education what percentage are girls

Answer 39

57%

Question 40

Where is sexual discrimation more marked in the world

Answer 40

In South Asia, Africa and the Middle East