unit 3 test review: measure of a country

GDP per capita (what does it stand for, what does it measure, how does this indicator measure a country)

• gross domestic products per capita

• average economic output per person in a country/region

• demonstartes living standards, prosparity of citizens, and productivity

GDP PPP (what does it stand for, what does it measure, how does this indicator measure a country):

• gross domestic product purchasing power parity

• compares the gross domestic product (GDP) produced within a nation in a given year, Measures the income of a people against the relative cost of something simple - basket of food 

• includes the cost of living (reflects it), measures the total value of goods and services in the country that was produced,compares with other countries

HDI (what does it stand for, what does it measure, how does this indicator measure a country):

• Human development index

•  measure of life expectancy, literacy, education, and standards of living in countries

• reflects accessibility to education and longevity

• life expectancy

• income (GDP)

GPI (what does it stand for, what does it measure, how does this indicator measure a country):

• genuine progress indicator

• measures economic and social progress

• includes environmental factors, social factors

GHI (what does it stand for, what does it measure, how does this indicator measure a country):

• global hunger index

• measures hunger and undernutrition

• undernourishment, accessibility to food, child mortality

Human poverty index (what does it measure, how does this indicator measure a country):

• dispairity in the world economic wealth , focusing on wealth and assumes that the more $ you have the more access you have to basic needs

• life expectancy, education,standard of iving, income

happiness index (what does it measure, how does this indicator measure a country):

• subjective well-being and life satisfaction

• happiness in a country, access to basic needs, safety, sense of belonging

quality of life (what does it measure, how does this indicator measure a country):

• subjective measure of happiness in a country (well being felt by someone)

• health, education, religion (freedom)

big mac index (what does it measure, how does this indicator measure a country):

• currency value and ppp

• compares prices of a big mac arund the world