EQ1 - Human Rights Flashcards

1
Q

GDP per capita problems

A
  • Hides an unequal society (eg. India billionaire but large proportion of poor)
  • Money for heating included (colder appear wealthier)
  • Subsidence farmers account for 90% of world farms.
  • Informal economy not included.
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2
Q

Purchasing power parity

A

Method of measuring relative purchasing power of different countries currencies over the same types of goods and service.

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