unit 7 other ideas

Question 1

gross domestic product (GDP)

Answer 1

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

Question 2

gross national product

Answer 2

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)

Question 3

gross national income (GNI)

Answer 3

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

Question 4

formal economy make up

Answer 4

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

Question 5

informal economy makeup

Answer 5

mostly illegal products that are sold and not government regulated,, drugs, black market goofd, babysitting, landscaping, house cleaning

Question 6

the gini coefficient

Answer 6

measures the distribution of income within a population, higher value = higher inequality, MDCs have lover Ginis and LDCs have higher Ginis

Question 7

consumption of energy and types in mdc/dc

Answer 7

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

Question 8

total fertility rate (TFR)

Answer 8

average number of children per woman, low in MDC high in LDCs

Question 9

infant mortality rates (IMR)

Answer 9

number of deaths of infants under one year old in a given year per 1000 live births, low in MDCs high in LDCs

Question 10

access to healthcare

Answer 10

high in MDCs, low in LDCs

Question 11

life expectancy

Answer 11

average number of years a person is expected to live based on mortality rates when they were born, high in MDCs low in LDCs

Question 12

literacy rates

Answer 12

high in MDCs, low in LDCs

Question 13

Human Development Index (HDI)

Answer 13

0-1, lower = less developed, higher = more developed

Question 14

indicators for HDI

Answer 14

life expectancy at birth, mean yrs of schooling, expected years of schooling, and gross national income per capita

Question 15

gender inequality index (GII)

Answer 15

0-1, higher = more inequality, lower = less inequality. includes social, economic, and political indicators

Question 16

indicators for GII

Answer 16

maternal mortality ratio, adolescent fertility rate, parliamentary representation, educational attainment, and labor force participation

Question 17

maternal mortality ratio (MMR)

Answer 17

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

Question 18

adolescent fertility rate

Answer 18

number of births per 1000 woen aged 10-19 years old, low in MDCs high in LDCs

Question 19

parlimentary representaiton

Answer 19

proportation of women that hold seats in congressional positions, numbers not consistant between MDCs and LDCs (highest rwanda, lowest qatar and yemen)

Question 20

educational attainment

Answer 20

do women have access to decondary school? high in MDCs, low in LDCs

Question 21

rostows stages of economic growth, info and stages

Answer 21

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

Question 22

flaws of rostows model

Answer 22

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