PSCI 1100 Study Guide - Final Guide: Hyperinflation, Human Development Index, Deflation

• School: Carleton University
• Department: Political Science
• Course: PSCI 1100
• Professor: Tamara Kotar

Document Summary

Provided by the state to those who find themselves in circumstances where they require greater care: unemployed, elderly, poor, and the disabled, health care, job training, income replacement, housing, highways, cultural institutions, many are public goods creation and management of money, gdp: total market valye of goods and services as a means to secure and stimulate economic transactions , ppp: purchasing power parity estimate the buying power of income in each country by comparing similar, gini index: mathematical formula that measures the amount of economic inequality in a society, hdi: looks at the total amount of wealth in a society and its distribution and gives equal weight to income, costs health, and educational indicators, created by the united nations development program, shows correlation of standard of living and a country"s gdp borrow money in that economy, controls the cost of borrowing money, lowers interest rates to stimulate the economy, raises interest rates to check inflation.