unit 7 other ideas Flashcards
gross domestic product (GDP)
total value of officially recorded goods and services by the citizens and corporations within a country’s borders in a given year,, domestic goods + domestic services = GDP
gross national product
total value of goods and services by the citizens and corporations of a country, domestically and internationally,, GDP + (income earned on foreign assets - income earned by foreigners in the country)
gross national income (GNI)
most accurate measure of wealth because it accounts for the impact of trade,, GDP + income earned abroad - income remitted by foreigners living in the country back to their home country
formal economy make up
it is regulated/taxed by the government, included in the GDP and GNI, typical professions,, a country with a larger formal economy is more developed
informal economy makeup
mostly illegal products that are sold and not government regulated,, drugs, black market goofd, babysitting, landscaping, house cleaning
the gini coefficient
measures the distribution of income within a population, higher value = higher inequality, MDCs have lover Ginis and LDCs have higher Ginis
consumption of energy and types in mdc/dc
highest per capita energy consumption in MDCs, demand for use of fossil fuels increasing in DC, nuclear energy is increasing in MDCs and hydroelectric is higher in DCs
total fertility rate (TFR)
average number of children per woman, low in MDC high in LDCs
infant mortality rates (IMR)
number of deaths of infants under one year old in a given year per 1000 live births, low in MDCs high in LDCs
access to healthcare
high in MDCs, low in LDCs
life expectancy
average number of years a person is expected to live based on mortality rates when they were born, high in MDCs low in LDCs
literacy rates
high in MDCs, low in LDCs
Human Development Index (HDI)
0-1, lower = less developed, higher = more developed
indicators for HDI
life expectancy at birth, mean yrs of schooling, expected years of schooling, and gross national income per capita
gender inequality index (GII)
0-1, higher = more inequality, lower = less inequality. includes social, economic, and political indicators
indicators for GII
maternal mortality ratio, adolescent fertility rate, parliamentary representation, educational attainment, and labor force participation
maternal mortality ratio (MMR)
rate of women who die during pregnancy or within one year of pregnancy due to pregnancy per 100,000 births, low in MDCs high in LDCs
adolescent fertility rate
number of births per 1000 woen aged 10-19 years old, low in MDCs high in LDCs
parlimentary representaiton
proportation of women that hold seats in congressional positions, numbers not consistant between MDCs and LDCs (highest rwanda, lowest qatar and yemen)
educational attainment
do women have access to decondary school? high in MDCs, low in LDCs
rostows stages of economic growth, info and stages
modeled off the development of the US and west europe, partially great britain
traditional society - preconditions to takeoff - takeoff - drive to maturity - high mass consumption
flaws of rostows model
assumes everyone wants industrialized, capitalist, democratic countries,, stages of growth are not uniform across a country (ex india), not all countries go through the stages in order, does not account for connectedness and globalization, differences in countries, depletion of resources and enviornment, colonialism exploitation
