Economic Development and GNI Classifications

<p>GDP measures the value of goods and services produced within a country, while GNI includes income from overseas sources. (C)</p> Signup and view all the answers

<p>The level of education and health care in the country. (A)</p> Signup and view all the answers

<p>Less than $1,036 (C)</p> Signup and view all the answers

<p>It does not account for factors like environmental sustainability and social well-being. (A)</p> Signup and view all the answers

<p>GNI per capita reflects the overall economic performance of a country. (B)</p> Signup and view all the answers

<p>The World Bank (C)</p> Signup and view all the answers

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

<p>The difficulty in finding investments and policies that uniformly increase the incomes of the rich (B)</p> Signup and view all the answers

<p>GNP includes the value of all finished goods and services owned by a country's citizens, regardless of where they are produced. (D)</p> Signup and view all the answers

<p>Access to reliable transportation (B)</p> Signup and view all the answers

<p>Economic growth alone does not effectively address the poverty and inequality prevalent in many developing countries. (B)</p> Signup and view all the answers

<p>Percentage of the population with access to the internet (A)</p> Signup and view all the answers

<p>Attaining basic needs is a prerequisite for sustainable economic growth. (C)</p> Signup and view all the answers

<p>Basic economic needs are essential for the realization of other human rights. (B)</p> Signup and view all the answers

<p>The limited availability of resources. (C)</p> Signup and view all the answers

<p>Freedom from torture (C)</p> Signup and view all the answers

<p>A focus on meeting basic needs is necessary for sustainable development in developing countries. (C)</p> Signup and view all the answers

<p>Insufficient funding for education due to lower GNP per capita. (D)</p> Signup and view all the answers

<p>Reduced cost of labor for manufacturers. (B)</p> Signup and view all the answers

<p>The pursuit of material goods can create a cycle of dissatisfaction. (B)</p> Signup and view all the answers

<p>A shift towards egalitarian societies with less emphasis on individual achievement. (B)</p> Signup and view all the answers

<p>Economic growth can lead to greater social cohesion and reduce political tensions. (A)</p> Signup and view all the answers

<p>The pursuit of economic growth often comes at the expense of other important societal goals. (B)</p> Signup and view all the answers

<p>Economic growth weakens the extended family system by encouraging individual mobility and self-reliance. (A)</p> Signup and view all the answers

<p>Societies must carefully consider the costs and benefits of economic growth in relation to other goals. (C)</p> Signup and view all the answers

<p>Economic growth is a complex issue with both positive and negative consequences that must be carefully considered. (C)</p> Signup and view all the answers

<p>Political leaders (B)</p> Signup and view all the answers

Methods used to assess a country's economic growth.

Total value of goods and services produced by a nation's residents.

GNP divided by the population, indicating income level per person.

Four classifications of countries based on income levels.

Country with a GNI per capita less than $1,036.

Country with a GNI per capita between $4,046 and $12,535.

Measures like poverty reduction and income growth used for classification.

Total income earned by a nation's residents, including GDP and overseas income.

Total value of goods and services produced within a country in a year.

Changes in a country's economic status based on growth or threshold adjustments.

Gross National Income, an alternative measure of a nation's wealth.

Gross National Product, total value of final products by country's residents.

Gross Domestic Product, the value of all goods and services produced within a country.

The difference between a country's exports and imports.

Focus on meeting essential needs to reduce poverty.

Measures like calorie supply, literacy rates, and life expectancy.

Number of infant deaths per 1,000 live births, indicating health services quality.

Entitlements that include socioeconomic standards like education and health care.

Increase in a country's production of goods and services.

Distribution of resources towards basic necessities in LDCs.

Purchasing Power Parity Gross National Product per person, often lower in low-income countries than in the US.

Low-income countries allocate a larger portion of GNP to education to match primary enrollment rates in the US.

Educational programs aimed at increasing literacy among adults, often more economical than universal primary education.

Imitating rich country labor standards in low-income nations may worsen inequality and unemployment.

Economic growth increases choice but doesn't guarantee increased happiness or satisfaction.

The ability to influence one's surroundings; considered as important as happiness in economic development.

Includes materialism, instability of family structures, and threats to social authority.

Growth leads to larger organizations, causing impersonality and communication issues.

Balancing economic growth with social stability, culture, and political autonomy.

The feeling of disconnection and instability often resulting from rapid economic growth.