Measure of Inequality
Ratio of top 20% to bottom 40%
Gini Coefficient Ameasurementoftheincomedistributionofacountry'sresidents.
Measures of Health
Life Expectancy is the average age of people who died in a year
Example 1: Suppose in a country, 5 people died last year at the following ages:
What is the life expectancy at birth in this country?
Find the average = (1+1+3+
China versus US
Chinas GDP per capita grew by 10% whilst the states grew by 2.3%
o United States has never grown as fast as China
Why is China growing more rapidly than the US?
o Catching up growth takes advantages of ideas, technologies,
Measures of Education
School Life Expectancy - it is the average years of school a child may expect to have based on current
Similar to fertility rate in terms of relating statistics to the past
Average Years of Schooling - it is the ave
Measures of Poverty
Poverty Line is an income level below which an individual or a household is considered poor
Absolute Poverty is when an individual cannot afford to get enough calories as well as a very minimum
level of basic needs like shelter and clo