VWL Kapitel 1
International economics and politics
International economics and politics
12
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G. F.
G. F.
This flashcard set covers fundamental concepts in development economics at the university level, focusing on key terms like GDP, GNI, and the objectives of economic development. It delves into the meaning and scope of development, highlighting the importance of meeting basic needs and transforming social institutions. The flashcards are beneficial for students studying economics, as they provide a clear understanding of economic growth, income distribution, and the interdependencies between countries. Additionally, the set touches on the Millennium Development Goals and the classification of countries based on income levels, making it a valuable resource for those interested in global economic policies and development strategies.
Flashcards
12
Students
5
Language
English
Category
Politics
Level
University
Created / Updated
18.11.2018 / 25.01.2022
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Flashcards
The core values of development include
It is not possible for a country to experience
GNI
Gross national income
The total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.
GDP
Gross demestic product
The total final output of goods and servicesproduced by the country’s economy, within the country’s territory, by residents and nonresidents, regardless of its allocation between domestic and foreign claims.
