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.
2
Q
Purchasing power parity
A
Method of measuring relative purchasing power of different countries currencies over the same types of goods and service.