The 2002 World Development Report Provides the Following Information for Colombia

question 25

Essay

The 2002 World Development Report provides the following information for Colombia and Thailand:
$\begin{array}{ccccccc}&\begin{array}{c}\\\\\text { Per Capita } \\\text { GDP (\$) }\end{array} & \begin{array}{c}\\Per Capita\\\text { GDP } \\\text { (PPP \$) }\end{array} & \begin{array}{c}Population\\below ~National\\\text { Poverty Line } \\(\%)\end{array} & \begin{array}{c}Population\\below\\\text { \$1 Day PPP } \\(\%)\end{array} & \begin{array}{c}Poverty\\Gap ~at\\\text { \$1 Day } \\\text { PPP (\%) }\end{array} & \begin{array}{c}\\\\\text { Gini } \\\text { Index }\end{array} \\\hlineColombia&2080 & 5890 & 17.7 & 11.0 & 3.2 & 57.1 \\Thailand&2010 & 6330 & 13.1 & <2 & <0.5 & 41.4\\\hline\end{array}$
(a) Explain carefully what each of the entries in the final four columns of this table measures.What concepts are being presented and what is their importance to economic development?

---

Definitions:

Professional Profiles

Summaries or overviews of an individual's professional qualifications, achievements, and experiences, often featured on social media or networking platforms.

Capacity

The ability, power, or competence to undertake something or the maximum amount something can contain.

Repudiated

Refused to accept or be associated with; rejected or denied the validity or authority of something.

Contract

A lawful pact made between two or more parties, which can be upheld by legal means.