DEFINITIONS - The Gini coefficient is a measure of the...

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DEFINITIONS: GDP GDP: GROSS DOMESTIC PRODUCT The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports
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DEFINITIONS: GNI GNI : GROSS NATIONAL INCOME GDP + the value with its net income received from other countries (notably interest and dividends)
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DEFINITIONS: PPP PPP = PURCHASING POWER PARITY An economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency's purchasing power .
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DEFINITIONS: GINI INDEX
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Unformatted text preview: The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing total equality and a value of 1 maximal inequality. (shown today x100) EU between 0.24 0.36 US> 0.40 World ~ 0.56-0.60 (estimates) DEFINITIONS: OECD Organisation for Economic Co-operation and Development (OECD) WWW.OECD.ORG RE: COUNTRY PROJECT SOME G7, BRICs + DRAGONS ITALY GERMANY SPAIN JAPAN BRAZIL CHINA INDIA RUSSIA SINGAPORE EMERGING MARKETS BANGLADESH COLOMBIA EGYPT INDONESIA MEXICO NIGERIA PAKISTAN SOUTH AFRICA TURKEY...
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DEFINITIONS - The Gini coefficient is a measure of the...

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