Understanding Economic Development

These flashcards cover key terms and concepts related to development discussed in the lecture notes.

Development

A multifaceted concept encompassing economic growth, social progress, and improvement in quality of life and environmental sustainability.

Per Capita Income

A measure of the average income earned per person in a given area within a specified year.

Human Development Index (HDI)

An index measuring a country's average achievements in health, education, and income.

Literacy Rate

The percentage of people who are able to read and write in a specified population.

Infant Mortality Rate (IMR)

The number of deaths of infants under one year old per 1,000 live births.

Gross National Income (GNI) per capita

The total income of a nation's residents, adjusted for purchasing power, divided by the population.

Purchasing Power Parity (PPP)

An economic theory that allows the comparison of the purchasing power of various world currencies to one another.

Environmental Sustainability

The ability to maintain the qualities that are valued in the physical environment.

Quality of Life

The general well-being of individuals and societies, encompassing negative and positive features of life.

Net Attendance Ratio

The total number of children of a specific age group attending school as a percentage of the total number of eligible children.

Development is a multifaceted concept encompassing __ growth, social progress, and improvement in quality of life and environmental sustainability.

A measure of the average income earned per person in a given area within a specified year is called __ income.

The __ measures a country's average achievements in health, education, and income.

The __ Rate is the percentage of people who are able to read and write in a specified population.

The number of deaths of infants under one year old per 1,000 live births is known as the __ Mortality Rate.

Gross National Income (GNI) per capita is the total income of a nation's residents, adjusted for __ power, divided by the population.

_ Power Parity is an economic theory that allows the comparison of the purchasing power of various world currencies to one another.

Environmental __ is the ability to maintain the qualities that are valued in the physical environment.

The general well-being of individuals and societies, encompassing negative and positive features of life, is referred to as __ of Life.

The __ Attendance Ratio is the total number of children of a specific age group attending school as a percentage of the total number of eligible children.

What is development?

A multifaceted concept encompassing economic growth, social progress, and improvement in quality of life and environmental sustainability.

What does per capita income measure?

The average income earned per person in a given area within a specified year.

What does the Human Development Index (HDI) measure?

A country's average achievements in health, education, and income.

What is the literacy rate?

The percentage of people who are able to read and write in a specified population.

What is the infant mortality rate (IMR)?

The number of deaths of infants under one year old per 1,000 live births.

What is gross national income (GNI) per capita?

The total income of a nation's residents, adjusted for purchasing power, divided by the population.

What does purchasing power parity (PPP) allow?

It allows the comparison of the purchasing power of various world currencies to one another.

What is environmental sustainability?

The ability to maintain the qualities that are valued in the physical environment.

What defines quality of life?

The general well-being of individuals and societies, encompassing negative and positive features of life.

What is the net attendance ratio?

The total number of children of a specific age group attending school as a percentage of the total number of eligible children.