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4 cards from this section. Quick, good the night before a test.
What does GDP per capita measure?
Think about how we measure wealth per individual.
Define GNI.
Consider what income includes beyond just the domestic economy.
What does GDP per capita indicate about a country?
Think about what GDP divided by the population reveals.
True or False: The Gini coefficient measures total economic output.
Recall what the Gini coefficient actually measures.
Analyze why a country with high GDP per capita may still struggle with social issues.
Consider the aspect of income inequality.
Evaluate the role of the Gini coefficient and how it informs policymakers about economic health.
Think about how addressing inequalities can improve overall development.
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