11873397
Description
Mind Map by 17Y6C32 KOH HUI WEN, updated more than 1 year ago
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Created by 17Y6C32 KOH HUI WEN
over 6 years ago
|
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Real GDP per capita
to measure SOL
- Thesis
- ↑ Real GDP per
capita, ↑ Y, ↑ PP
- ↑ cons of G&S,
↑ mat SOL
- ↑ cons of HC,
Edu, etc, ↑
non-mat SOL
- ↑ cons of G&S,
↑ mat SOL
- factors in...
- Inflation
- Remove
effects of
Px changes
- ↑ Real GDP
per capita,
amt of o/p
& PP is ↑ing
- ↑ Real GDP
per capita,
amt of o/p
& PP is ↑ing
- Remove
effects of
Px changes
- Pop size
- shows avg Y
- c/f b/w
countries
- eg:
- eg:
- c/f b/w
countries
- shows avg Y
- Demographic
changes
- shows
changes
in avg Y
- c/f b/w
past &
present
- eg:
- eg:
- c/f b/w
past &
present
- shows
changes
in avg Y
- Inflation
- ↑ Real GDP per
capita, ↑ Y, ↑ PP
- Anti Thesis
- does not factor in...
- Non-mat aspects
- eg: Pollution
levels,
Leisure time
- ↑ Real GDP
per capita
due to ↑ EG
- EG may be
due to longer
working hrs/
create
pollution
- ↓ health /
↑ stress
- ↓ non-mat SOL
- ↓ non-mat SOL
- ↓ health /
↑ stress
- EG may be
due to longer
working hrs/
create
pollution
- ↑ Real GDP
per capita
due to ↑ EG
- eg: Pollution
levels,
Leisure time
- Y inequality
- eg: Y very
unevenly
distributed
- Even with
↑ real GDP
per capita
- Majority not
experiencing
↑ real Y & mat
SOL
- Majority not
experiencing
↑ real Y & mat
SOL
- Even with
↑ real GDP
per capita
- eg: Y very
unevenly
distributed
- Differences in
costs of living
- eg:
- SG's real GDP
per capita >
that of China
- But costs of
living in China
< that of SG
- Need PPP e/r
- Need PPP e/r
- But costs of
living in China
< that of SG
- SG's real GDP
per capita >
that of China
- eg:
- Composition
of o/p
- Military vs K vs
consumer gds
- Production ≠
Consumption
- ↑ Real GDP
per capita
due to gov
military
expenditure
- ↑ Real GDP
per capita
due to prod
of K gds
- Current mat
SOL may not ↑
- Current mat
SOL may not ↑
- ↑ Real GDP
per capita
due to gov
military
expenditure
- Production ≠
Consumption
- Military vs K vs
consumer gds
- Unrecorded o/p
- Non-marketed
DIY activities
- eg:
Subsistence
farming
- No mkt Px &
qty, estimating
mkt values v
difficult
- No mkt Px &
qty, estimating
mkt values v
difficult
- eg:
Subsistence
farming
- Underground
economy
- Illegal activities
- eg: Drug
trafficking,
Prostitution
- eg: Drug
trafficking,
Prostitution
- Legal activities
- Mostly
'moonlighting'
activities
- Not declared to
avoid taxes
- Not declared to
avoid taxes
- Mostly
'moonlighting'
activities
- Illegal activities
- Non-marketed
DIY activities
- G&S produced
OUTSIDE cty
from resources
belonging to
RESIDENTS
- Dom firms
earning Y
from DIA
- Avg Y
actually
higher
- Avg Y
actually
higher
- Dom firms
earning Y
from DIA
- G&S produced
INSIDE cty
from resources
belonging to
FOREIGNERS
- Y outflows
from FDI
- Avg Y
actually
lower
- Need real GNP
per capita
- Need real GNP
per capita
- Avg Y
actually
lower
- Y outflows
from FDI
- Non-mat aspects
- does not factor in...
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