Glob (2)
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Questions and Answers

What does HDI measure?

A nation's longevity, education, and income

Which of the following is NOT a composite index listed in the text?

  • Inequality adjusted Human Development Index (IHDI)
  • Human Development Index (HDI)
  • Gender Inequality Index (GII)
  • Purchasing Power Parity (PPP) (correct)

What is the main reason why the HDI is important?

It affects business operations and strategic decisions in different regions

The text suggests that luxury goods should only be provided in regions with higher places of standard of living.

<p>True (A)</p> Signup and view all the answers

What are the three dimensions of the HDI?

<p>Health (life expectancy at birth), Education (average and expected years of schooling), Standard of Living (evaluated using GNI per capita) (D)</p> Signup and view all the answers

The ______ shows that higher gender equality leads to more stable political environments.

<p>Research</p> Signup and view all the answers

What does the text say about the relationship between gender inequality in education and a workforce?

<p>It limits this potential, often leading to skills gaps in sectors that could otherwise thrive with a more balanced workforce potential.</p> Signup and view all the answers

Flashcards

HDI

A composite measure of a nation's longevity, education, and income.

Life Expectancy

Average lifespan of people in a given population.

Expected Years of Schooling

Estimated number of years of education a child can expect to receive.

GNI per capita

Gross national income per person in a country; a measure of standard of living.

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GII

Gender Inequality Index, assessing gender inequality.

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Reproductive Health

Components of GII including mortality and infant birth rates.

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Empowerment (GII)

Proportion of women in parliament and secondary education.

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Labor Market Participation

Proportion of women and men participating in the workforce.

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Happy Planet Index

Measures sustainable well-being, looking at life satisfaction, life expectancy, and ecological footprint.

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Ecological Footprint

Environmental impact of a country's consumption patterns.

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Economic Growth

Increase in a country's output (real GDP).

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Economic Development

Process for improved living standards for all; entails income increases, need fulfillment, improved gender equality, job opportunities.

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GDP per capita

Measures output per person; usually calculated yearly.

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GNI per capita

Income per person received by residents, usually calculated yearly.

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Purchasing Power Parity (PPP)

Currency conversion rates equalizing purchasing power across countries to remove price level differences.

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Study Notes

HDI (Human Development Index)

  • Measures a nation's longevity, education, and income
  • Widely accepted in government discourse
  • Composed of:
    • Health (life expectancy at birth)
    • Education (average and expected years of schooling)
    • Standard of Living (evaluated using GNI per capita)
  • HDI is important because it affects business strategies, luxury goods should be provided in more higher places of standards of living.

GII (Gender Inequality Index)

  • Reproductive Health (mortality, infant birth rates)
  • Empowerment (proportion of parliament seats held by women)
  • Labor Market Participation (participation rate of women in the workforce)
  • Research shows that higher gender equality tends to have more stable political environments, to skills gaps in education, in a more balanced workforce potential.

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