Unit 3: Development

Question 1

HDI

Answer 1

Human Development Index - measure that determines the overall development of a country by incorporating three key dimensions of human development: life expectancy at birth, access to education (expected & mean years of schooling), and standard of living (measured by GNI per capita)

Question 2

WTO

Answer 2

World Trade Organization -

Question 3

GNI

Answer 3

Gross National Income - total value of goods and services globally produced by a country in a year divided by the country’s population

Question 4

PPP

Answer 4

Purchasing Power Parity - Measures economic variables in different countries so that exchange rates don’t distort across-the-board comparisons
“international dollars”

Question 5

GINI Coefficient Index

Answer 5

Measures the economic inequality of a given area

Question 6

GII

Answer 6

Gender Inequality Index - measure that calculates inequality based on three categories: reproductive health, empowerment, and labor-market participation

Question 7

GDI

Answer 7

Gender Development Index - measure that calculates gender disparity in the 3 basic dimensions of human development: health, knowledge, and standard of living

Question 8

Microcredit

Answer 8

A program that provides small loans to poor people, especially women, to encourage development of small businesses

Question 9

NIC

Answer 9

Newly Industrialized Country - These countries’ economic development is between developing and highly developed

Question 10

MDC

Answer 10

More Developed Country - These countries have advanced socially and economically.

Question 11

LDC

Answer 11

Less Developed Country - a country that is at a relatively early stage in the process of economic development.

Question 12

Female Labor Force Participation

Answer 12

Describes how women play a role in country’s workforce and how it does not directly correlate to a country’s economic development.