PS 147 Notes

PS 147 Notes - 01.11.2011...

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01.11.2011 V. Exactly  how is underdevelopment measured? A) Commonly used economic measured? o 3. Average Income per Inhabitant or GDP per Capita Income Levels  or as the World Bank calls it: Gross National Income per person 1. Low income, $975 or less lower middle income $976 - 3855 upper middle income %3,8560 – 11905 high income 11,906 or more 2. World Bank Map doesn’t lookat states but rather economies o 1. Economic Growth Rates How much an economy has grown? Based on percentage Positive o Stable economy is over 3.5% o Over 5%  o 7% and double digit percentage growth rate be  suspicious Negative Size of the Economy Value of everything being produced United States largest economy in the world Growth rate is a better indicator than size. o 2. Poverty Rates Percentage of the population that lives under the poverty line. Some say not giving us an indiciation of how life is really like.
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4. Income Distribution a. Gini Coefficient  usually calculated every year o Terminology
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PS 147 Notes - 01.11.2011...

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