unit 3 vocab quiz 2 Flashcards
per person
per capita
measures the value of goods and services produced within a country
gross domestic product (gdp)
measures the value produced by a country’s citizens, regardless of location
gross national product
measures the total income earned by a country’s citizens, including income from outside of the country
gross national income (GNI)
measures a country’s average achievements using social and economic elements
human development index (HDI)
a way to compare buying power of different countries currencies by determining what the same amount of money can buy in each country
purchasing power parity (PPP)
economic activities that are regulated by the government (businesses or jobs that are taxed and monitored)
formal economy
economic activities that are not regulated by the government ( unregistered businesses that aren’t taxed or monitored)
informal economy
measures the extent of each country’s gender inequality
gender inequality index (GII)
the process of increasing the ability of women to make choices and have control over their own lives (access to education, employment, political participation)
gender empowerment
private, non-profit groups that address social, political, or environmental issues
non governmental organizations
an invisible barrier that prevents certain groups from advancing to higher positions in organizations, despite having the qualifications and abilities.
glass ceiling
small loans given to individuals, usually in developing countries, to help them start or grow a small business
micro loans
used to understand and analyze the development of cities or regions and their influence of various factors like economics, politics, and social factors
structural model
theory that all countries can develop economically following the same path
liberal model
