Data Collection Resources

Question 1

Human Development Index

Answer 1

a summary measure of average achievement in 3 key dimensions of human development
1. life expectancy (long and healthy)
2. being knowledgeable (schooling)
3. standard of living (gross national income per capita)

Question 2

GDP (Gross Domestic Product)

Answer 2

the value of all final goods and services produced in a country

IMPORTANT: (Real) GDP is the broadest measure of economic activity and the principal indicator of economic performance

Question 3

GDP Per Capita

Answer 3

a measure of a country’s economic output that accounts for the total population
- GDP / Population
- seen as an indicator of “standard of living” but doesn’t account for the cost of living

Question 4

PPP (Purchasing Power Parity)

Answer 4

determines how much $$$ would be needed to purchase the same good/service in 2 countries (foreign exchange rate)

PROBLEMS:
- PPP is more favored than GDP
- doesn’t account for the value a country brings to international trade/commerce
- not a true 1:1

Question 5

GDP Growth Rate

Answer 5

the increase or improvement in the inflation-adjusted market value of goods/services in a financial year

Question 6

GINI Index

Answer 6

an economic measurement to show income or wealth inequality
0 (perfect equality) - 1 (perfect inequality)

Question 7

Freedom House

Answer 7

conduct research on and advocate for democracy, political freedom, and human rights
0 (smallest degree of freedom - 4(largest degree of freedom)

Question 8

Transparency Index

Answer 8

ranks countries/territories around the world by their perceived levels of public sector corruption
0 (highly corrupt) - 100 (very clean)

Question 9

Fragile/Failed State Index

Answer 9

annual report gauging the vulnerability/susceptibility
- 4 categories: cohesion, economic, political, social
0 (most stable) - 10 (least stable)