Study Unit 6: poverty and inequality in SA and the world Flashcards
what is per capita
Per capita income is the figure we get if we divide national income (that is, the sum
total of all income earned in the country in a particular year) by all the people (adults
and children) in the country. It is therefore also an average income (like average
household income). It refers to the average income per person
what is the poverty rate
the proportion of the population that is poor and whether it has increased or decreased.
explain gini coefficient
Gini coefficient, which measures inequality in the distribution of income as a number
between 0 and 1. A score of 1 indicates maximum inequality, signifying that all the
income was received by only one person, and that everyone else in the society received
nothing. A score of 0 indicates that everybody received exactly the same share, and
therefore indicates minimal inequality
what does the welfare index of bhorat consider
access to government services
private assets
household income
years of education
