Untitled document (3).pdf - Political Economy The...

This preview shows page 1 - 2 out of 2 pages.

Political Economy: The interaction por interrelationship between politics and the economy in a given country or internationally, including how politics affects economies and how economies affect politics. Gross Domestic Product (GDP): the total value of goods and services produced in a given country or territory; per capita GDP is divided by the population Gross National Income (GNI): a measure of the total income of all of a country's citizens, whether living in their home country or abroad Purchasing Power Parity (PPP): an adjustment made to income measures to account the differences in cost of living Inequality: in the social sciences, the differential distribution of access to goods like power, status, and material resources Gini Coefficient: The most common measure of income inequality in any given population, usually expressed as a number between 0 and 1, with 0 being total inequality and 1 being maximal inequality Employment: ongoing, regular access to paid work Unemployment:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture