Economic Growth and Development (Leaving Cert Economics): Flashcards
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Practise the cards
13 cards from this deck
Measure for international income comparisons
Measure for international income comparisons
GDP/GNI per capita adjusted for PPP
Why GNI* preferred for Ireland
Why GNI* preferred for Ireland
Removes multinational corporation accounting distortions
Gini coefficient range
Gini coefficient range
0 (perfect equality) to 1 (complete inequality)
What Palma ratio compares
What Palma ratio compares
Income share: richest 10% vs poorest 40%
IHDI acronym
IHDI acronym
Inequality-adjusted Human Development Index
What human capital represents
What human capital represents
Education, skills, and health of population
Ireland's IHDI inequality loss %
Ireland's IHDI inequality loss %
6.6%
Ethiopia's IHDI inequality loss %
Ethiopia's IHDI inequality loss %
~32%
Irish Aid's 4 main priorities
Irish Aid's 4 main priorities
Reducing Humanitarian Need, Climate Action, Gender Equality, Strengthening Governance
Ireland's ODA in 2023
Ireland's ODA in 2023
€1.467 billion
International ODA target (% of GNI)
International ODA target (% of GNI)
0.7% of GNI
Economic growth definition
Economic growth definition
Increases in real GDP
Economic development definition
Economic development definition
Broader improvements in human capabilities & living standards