Disparity

Question 1

Infant mortality rate

Answer 1

the number of children per 1000 live births that die below the age of one

Question 2

GDP

Answer 2

the total value of all goods and services produced domestically by a nation in a year

Question 3

GNP

Answer 3

the total market value of all goods and services produced by a nation in a year. It includes the value of goods and services produced overseas.

Question 4

GNI

Answer 4

The total value of goods and services produced within a country together with the balance of income and payments from or to other countries.

Question 5

HDI

Answer 5

A composite indicator that takes into account: the life expectancy, the expected years of schooling for current school children, and the GNI per capita adjusted to PPP.

Question 6

Gini coefficient

Answer 6

A number which represents the inequality in income in a country. 0 is perfect equality, and 1 is perfect inequality.

Question 7

Core and periphery

Answer 7

The concept of a developed core surrounded by an undeveloped periphery.

Question 8

Trading bloc

Answer 8

an arrangement among a group of nations to allow free trade between member countries but impose tariffs on outside countries who wish to trade with them

Question 9

Remittances

Answer 9

Transfers of money/goods by foreign workers to their home countries.