📚 Topic Summary
GDP (Gross Domestic Product) represents the total value of goods and services produced within a country's borders in a specific time period. It’s a key indicator of a country's economic health. GNI (Gross National Income), on the other hand, includes GDP plus income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents. HDI (Human Development Index) measures a country's overall achievement in its social and economic dimensions. It's based on three factors: life expectancy, education, and per capita income indicators. Lastly, the GII (Gender Inequality Index) reflects inequality between women and men in reproductive health, empowerment, and the labor market. It reveals the loss in potential human development due to gender inequality.
🧠 Part A: Vocabulary
Match the term with its correct definition:
- Term: GDP
- Term: GNI
- Term: HDI
- Term: GII
- Term: Empowerment
- Definition: A measure reflecting inequality between women and men.
- Definition: The process of becoming stronger and more confident, especially in controlling one's life and claiming one's rights.
- Definition: Total value of goods and services produced within a country's borders.
- Definition: GDP plus income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents.
- Definition: A composite index measuring average achievement in three basic dimensions of human development—health, knowledge and a decent standard of living.
(Match them up! GDP matches with Definition 3; GNI matches with Definition 4; HDI matches with Definition 5; GII matches with Definition 1; Empowerment matches with Definition 2)
✏️ Part B: Fill in the Blanks
The ___________ measures the total economic output within a country's borders, while the ___________ includes income earned by a country's residents from overseas. The Human Development Index considers ___________, ___________, and standard of living. The Gender Inequality Index examines inequalities in reproductive health, ___________, and the ___________.
(Answers: GDP, GNI, life expectancy, education, empowerment, labor market)
🤔 Part C: Critical Thinking
How can a country have a high GDP but a low HDI? What factors might contribute to this discrepancy?