Chapter 0- ME and Well-beeing

Question 1

Economics ?

Answer 1

The study of
How people manage their resources
To meet their needs
And enhance their well-being

Question 2

Gini Coefficient

Range

Answer 2

It measures income inequality
0(everyone has the same income)
-
1( 1 person has all the income)

Question 3

Percentage of GDP in Taxes
(USA vs Europe)
(In 2015)

Answer 3

USA : ca 27%

European : at least over 35 %

Question 4

CEO Pay vs Worker Pay

USA, Germany, Japan

Answer 4

USA: 250x
Germany: 140x
Japan: 60x

Question 5

How much has the Global Varbon Dioxide Emissions risen?

From 1960-2015

Answer 5

From 10 Gigatons to over 35 Gigatons