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11873397
Real GDP per capita to measure SOL
Description
Mind Map on Real GDP per capita to measure SOL, created by 17Y6C32 KOH HUI WEN on 11/01/2018.
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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Resource summary
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
factors in...
Inflation
Remove effects of Px changes
↑ Real GDP per capita, amt of o/p & PP is ↑ing
Pop size
shows avg Y
c/f b/w countries
eg:
Demographic changes
shows changes in avg Y
c/f b/w past & present
eg:
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
Y inequality
eg: Y very unevenly distributed
Even with ↑ real GDP per capita
Majority not experiencing ↑ real Y & mat SOL
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
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 ↑
Unrecorded o/p
Non-marketed DIY activities
eg: Subsistence farming
No mkt Px & qty, estimating mkt values v difficult
Underground economy
Illegal activities
eg: Drug trafficking, Prostitution
Legal activities
Mostly 'moonlighting' activities
Not declared to avoid taxes
G&S produced OUTSIDE cty from resources belonging to RESIDENTS
Dom firms earning Y from DIA
Avg Y actually higher
G&S produced INSIDE cty from resources belonging to FOREIGNERS
Y outflows from FDI
Avg Y actually lower
Need real GNP per capita
Media attachments
Sick (binary/octet-stream)
Car (binary/octet-stream)
Education (binary/octet-stream)
Hc (binary/octet-stream)
Pollution (binary/octet-stream)
Population (binary/octet-stream)
Sg Vs China (binary/octet-stream)
Cost Of Living (binary/octet-stream)
Military (binary/octet-stream)
Capital Gds (binary/octet-stream)
Farming (binary/octet-stream)
Weed (binary/octet-stream)
Quiet 29763 960 720 (binary/octet-stream)
Bw Countries (binary/octet-stream)
Past Vs Present (binary/octet-stream)
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