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Questions and Answers
What does the national income measure?
What does the national income measure?
What scale does the Social Progress Index use to measure quality of life?
What scale does the Social Progress Index use to measure quality of life?
What does the Human Development Index (HDI) measure on a scale of 0 to 1?
What does the Human Development Index (HDI) measure on a scale of 0 to 1?
What does the Inequality-adjusted Human Development Index (IHDI) include?
What does the Inequality-adjusted Human Development Index (IHDI) include?
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What is the range of the Gini Coefficient?
What is the range of the Gini Coefficient?
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What is one way to reduce income inequality, according to the content?
What is one way to reduce income inequality, according to the content?
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A Gini-Coeficient of 1 represents what
A Gini-Coeficient of 1 represents what
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What does the social progress index measure?
What does the social progress index measure?
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What is the primary goal of sustainable development?
What is the primary goal of sustainable development?
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Which of the following practices is an example of environmental sustainability?
Which of the following practices is an example of environmental sustainability?
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What is an example of economic sustainability?
What is an example of economic sustainability?
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Which of the following is an example of social sustainability?
Which of the following is an example of social sustainability?
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What is the main principle of sustainable development?
What is the main principle of sustainable development?
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Study Notes
Indicators of Sustainability
National Income Indicators
- National income measures the income of permanent residents in a country during an economic period.
- GDP, GNP, GNI, and GNDI can indicate economic growth but not sustainable development.
Social Progress Index
- Measures quality of life on a scale of 1 to 10.
- Considers basic human needs, opportunities, and well-being.
Human Development Index (HDI)
- Measures human development on a scale of 0 to 1.
- Includes healthcare, education, and income levels.
- 0 indicates no development, while 1 indicates full development.
Inequality-Adjusted Human Development Index (IHDI)
- Measures human development while considering economic inequality.
- Economic inequality refers to the unequal distribution of income and opportunities between societal groups.
- Includes inequalities in healthcare, income, and education.
Gini Coefficient
- Measures income inequality on a scale of 0 (perfect equality) to 1 (perfect inequality).
- To reduce income inequality, governments should: • Use progressive taxes instead of regressive taxes. • Provide education to all.
Sustainable Development
- Development that meets the needs of current humankind without compromising the ability of future generations to meet their own needs.
Environmental Sustainability
- Generating solar energy is a sustainable practice.
- Burning fossil fuels is an unsustainable practice.
Economic Sustainability
- Avoiding child labor is a sustainable practice.
- Allowing Multinational Corporations (MNCs) to pay less tax is an unsustainable practice.
Social Sustainability
- Ensuring equal pay for equal work is a sustainable practice.
- Allowing gender inequality is an unsustainable practice.
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Description
Measuring economic growth and development through national income, social progress, and human development indices.
