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Using This Statistical Measure of Global Income Inequality,inequality Becomes Greater

question 35

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Using this statistical measure of global income inequality,inequality becomes greater as the percentage figure rises toward 100.


Definitions:

Depreciation

is an accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value.

Net Domestic Product

The total value of all finished goods and services produced within a country’s borders in a specific time period, after accounting for depreciation.

Per Capita GDP

A measurement that represents the gross domestic product (GDP) per person within a country, providing a per capita average of national economic output and wealth.

Population

The total number of people inhabiting a particular territory or country.

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