Term
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Definition
| How similar the products are in different countries, to determine if similar products from one country would work in others. |
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Term
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Definition
| Being the best at what you do. |
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Term
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Definition
| Having something you do best, whether or not you are the best at what you do. |
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Term
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Definition
| Consumption + Government Spending + Investment + (Exports-Imports) |
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Term
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Definition
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Term
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Definition
| Adjusts the exchange rate between countries to ensure that a good is purchased for the same price in the same currency. |
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Term
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Definition
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Term
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Definition
| GDP adjusted for purchasing power of the individual |
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Term
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Definition
| Measures a country's average achievements in basic aspects of human development. |
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Term
| Three basic aspects of human development |
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Definition
| Health, Knowledge and decent standard of living |
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Term
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Definition
| Uses indicators of the most basic dimensions of deprivation. |
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Term
| Per Capita GDP (Nominal) Per Capita |
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Definition
| Does not take into account Purchasing Power Parity |
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Term
| Per Capita GDP (PPP) Per Capita |
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Definition
| Takes into account Purchasing Power Parity |
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Term
| What are the basic aspects of human deprivation? |
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Definition
| Short life, lack of education, lack of decent standard of living. |
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