Data Collection Resources Flashcards

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1
Q

Human Development Index

A

a summary measure of average achievement in 3 key dimensions of human development
1. life expectancy (long and healthy)
2. being knowledgeable (schooling)
3. standard of living (gross national income per capita)

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2
Q

GDP (Gross Domestic Product)

A

the value of all final goods and services produced in a country

IMPORTANT: (Real) GDP is the broadest measure of economic activity and the principal indicator of economic performance

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3
Q

GDP Per Capita

A

a measure of a country’s economic output that accounts for the total population
- GDP / Population
- seen as an indicator of “standard of living” but doesn’t account for the cost of living

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4
Q

PPP (Purchasing Power Parity)

A

determines how much $$$ would be needed to purchase the same good/service in 2 countries (foreign exchange rate)

PROBLEMS:
- PPP is more favored than GDP
- doesn’t account for the value a country brings to international trade/commerce
- not a true 1:1

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5
Q

GDP Growth Rate

A

the increase or improvement in the inflation-adjusted market value of goods/services in a financial year

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6
Q

GINI Index

A

an economic measurement to show income or wealth inequality
0 (perfect equality) - 1 (perfect inequality)

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7
Q

Freedom House

A

conduct research on and advocate for democracy, political freedom, and human rights
0 (smallest degree of freedom - 4(largest degree of freedom)

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8
Q

Transparency Index

A

ranks countries/territories around the world by their perceived levels of public sector corruption
0 (highly corrupt) - 100 (very clean)

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9
Q

Fragile/Failed State Index

A

annual report gauging the vulnerability/susceptibility
- 4 categories: cohesion, economic, political, social
0 (most stable) - 10 (least stable)

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