Podcast
Questions and Answers
What is one of the dimensions of poverty mentioned in the text?
What is one of the dimensions of poverty mentioned in the text?
- Material deprivation (correct)
- High standard of living
- Excessive resources
- Luxurious lifestyle
According to the text, what is the main goal of development policy?
According to the text, what is the main goal of development policy?
- Economic stability
- Wealth accumulation
- Poverty reduction (correct)
- Income inequality
Which approach is commonly used for the definition and measurement of poverty, as mentioned in the text?
Which approach is commonly used for the definition and measurement of poverty, as mentioned in the text?
- Environmental approach: lack of access to nature
- Psychological approach: lack of happiness
- Social approach: lack of community involvement
- Monetary approach: a shortfall in consumption or income (correct)
What does the Gini coefficient measure?
What does the Gini coefficient measure?
What does the Lorenz curve depict?
What does the Lorenz curve depict?
What does the area between the Lorenz curve and the line of income equality represent?
What does the area between the Lorenz curve and the line of income equality represent?
What does the term 'intergenerational elasticity' refer to?
What does the term 'intergenerational elasticity' refer to?
What is the numerical range of the Gini coefficient?
What is the numerical range of the Gini coefficient?
In the context of the Lorenz curve, what does a bow away from the line of income equality indicate?
In the context of the Lorenz curve, what does a bow away from the line of income equality indicate?
What does the term 'social mobility' refer to?
What does the term 'social mobility' refer to?
What does the Gini index of 0 indicate?
What does the Gini index of 0 indicate?
Which approach to define and measure poverty emphasizes the deprivation of a person's capabilities to live a valued life?
Which approach to define and measure poverty emphasizes the deprivation of a person's capabilities to live a valued life?
What does the social exclusion approach to define and measure poverty involve?
What does the social exclusion approach to define and measure poverty involve?
In which countries are absolute poverty lines used?
In which countries are absolute poverty lines used?
What does the participatory approach to define and measure poverty concern?
What does the participatory approach to define and measure poverty concern?
What does the subjective poverty refer to?
What does the subjective poverty refer to?
What are the two types of objective poverty mentioned in the text?
What are the two types of objective poverty mentioned in the text?
What do different methods of defining and measuring poverty involve?
What do different methods of defining and measuring poverty involve?
What is the focus of the monetary approach to define and measure poverty?
What is the focus of the monetary approach to define and measure poverty?
What are relative poverty lines based on?
What are relative poverty lines based on?
What type of poverty includes a clear disadvantage in society?
What type of poverty includes a clear disadvantage in society?
What type of poverty includes lack of resources for basic needs?
What type of poverty includes lack of resources for basic needs?
Which index measures average achievement in key dimensions of human development, including a long and healthy life, knowledge, and a decent standard of living?
Which index measures average achievement in key dimensions of human development, including a long and healthy life, knowledge, and a decent standard of living?
What does the Multidimensional Poverty Index (MPI) measure average achievement in?
What does the Multidimensional Poverty Index (MPI) measure average achievement in?
Which index is used to measure development and poverty, and was replaced by the Multidimensional Poverty Index (MPI) in 2010?
Which index is used to measure development and poverty, and was replaced by the Multidimensional Poverty Index (MPI) in 2010?
What does the Inequality Adjusted Human Development Index (IHDI) adjust for?
What does the Inequality Adjusted Human Development Index (IHDI) adjust for?
What does the international poverty line reflect as income grows?
What does the international poverty line reflect as income grows?
Which index captures the fraction of the poverty line that people are missing?
Which index captures the fraction of the poverty line that people are missing?
What does the Easterlin Paradox suggest about life satisfaction as income increases in richer countries?
What does the Easterlin Paradox suggest about life satisfaction as income increases in richer countries?
Which index provides cross-country comparable data on human development?
Which index provides cross-country comparable data on human development?
What does the Poverty Gap Index measure?
What does the Poverty Gap Index measure?
What is the current international poverty line as of 2022?
What is the current international poverty line as of 2022?
Which organization classifies countries according to gross national income (GNI) per capita?
Which organization classifies countries according to gross national income (GNI) per capita?
When did the history of sustainable development begin?
When did the history of sustainable development begin?
What do Sustainable Development Goals (SDGs) aim to promote?
What do Sustainable Development Goals (SDGs) aim to promote?
What is a challenge of sustainable development?
What is a challenge of sustainable development?
What does development involve?
What does development involve?
What are crucial elements in economic development?
What are crucial elements in economic development?
What do Sustainable Development Goals (SDGs) provide?
What do Sustainable Development Goals (SDGs) provide?
What is part of understanding poverty and development?
What is part of understanding poverty and development?
What do sustainable development goals call for?
What do sustainable development goals call for?
What does the UN use to classify Least Developed Countries (LDCs)?
What does the UN use to classify Least Developed Countries (LDCs)?
What do sustainable development goals emphasize?
What do sustainable development goals emphasize?
What does the Inequality-Adjusted Human Development Index (IHDI) measure?
What does the Inequality-Adjusted Human Development Index (IHDI) measure?
What happens to IHDI in comparison to HDI as inequality rises?
What happens to IHDI in comparison to HDI as inequality rises?
What data source does the IHDI rely on for its calculation?
What data source does the IHDI rely on for its calculation?
Which development indicators are used to measure gender inequalities in achievement and gender inequality using three dimensions?
Which development indicators are used to measure gender inequalities in achievement and gender inequality using three dimensions?
What does the adjustment to standard HDI values by the planetary pressures-adjusted HDI indicate?
What does the adjustment to standard HDI values by the planetary pressures-adjusted HDI indicate?
What does the Genuine Progress Indicator (GPI) measure?
What does the Genuine Progress Indicator (GPI) measure?
What does the Social Progress Index measure?
What does the Social Progress Index measure?
What does the Inclusive Wealth Index measure?
What does the Inclusive Wealth Index measure?
What is a notable impact of inequality on well-being?
What is a notable impact of inequality on well-being?
What factors does measuring inequality depend on?
What factors does measuring inequality depend on?
How can economic inequality be measured?
How can economic inequality be measured?
Study Notes
Development Indicators and Inequality
- The Inequality-Adjusted Human Development Index (IHDI) is calculated as the geometric mean of inequality-adjusted dimensional indices, taking into account the distribution of health, education, and income among a country's population.
- IHDI = HDI when there is no inequality, but IHDI < HDI as inequality rises, indicating the loss in human development due to inequality.
- The IHDI relies on data from national household surveys on income/consumption and years of schooling.
- The IHDI, Gender Development Index (GDI), and Gender Inequality Index (GII) are key development indicators used to measure gender inequalities in achievement and gender inequality using three dimensions: reproductive health, empowerment, and the labor market.
- The adjustment to standard HDI values by the planetary pressures-adjusted HDI increases as the level of human development increases.
- The Genuine Progress Indicator (GPI) measures sustainable economic welfare, incorporating environmental and social elements not found in GDP calculations.
- The Social Progress Index measures a society's capacity to meet basic human needs and enhance the quality of life for its citizens.
- The Inclusive Wealth Index measures a nation’s capacity to create and maintain human well-being over time using manufactured, human, and natural capital.
- Inequality reduces well-being, with notable increases in prosperity but high inequality persisting and potentially increasing in some places, particularly problematic in Latin America.
- Inequality manifests in various ways, including rent, wages, consumption, access to opportunities, resources, services, freedoms, and political opportunities.
- Measuring inequality is complex and depends on factors such as the reference unit, relevant reference period, and acceptable indicator values to society.
- Economic inequality can be measured using wealth, market income, or disposable income, with variations in inequality levels among countries.
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Description
Test your knowledge of development indicators and inequality with this quiz. Explore concepts such as the Inequality-Adjusted Human Development Index (IHDI), Gender Development Index (GDI), Genuine Progress Indicator (GPI), and more. Gain insight into the impact of inequality on well-being and economic welfare, and understand the complexities of measuring and addressing inequality in different contexts.
