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} \
\hline
Colombia&2080 & 5890 & 17.7 & 11.0 & 3.2 & 57.1 \
Thailand&2010 & 6330 & 13.1 &

Question

The 2002 World Development Report provides the following information for Colombia and Thailand:
 $\begin{array}{ccccccc}
&
\begin{array}{c}
\
\
\text { Per Capita } \
\text { GDP (\$) }
\end{array} & \begin{array}{c}
\
Per Capita\
\text { GDP } \
\text { (PPP \$) }
\end{array} & \begin{array}{c}
Population\
below ~National\
\text { Poverty Line } \
(\%)
\end{array} & \begin{array}{c}
Population\
below\
\text { \$1 Day PPP } \
(\%)
\end{array} & \begin{array}{c}
Poverty\
Gap ~at\
\text { \$1 Day } \
\text { PPP (\%) }
\end{array} & \begin{array}{c}
\
\
\text { Gini } \
\text { Index }
\end{array} \
\hline
Colombia&2080 & 5890 & 17.7 & 11.0 & 3.2 & 57.1 \
Thailand&2010 & 6330 & 13.1 & <2 & <0.5 & 41.4\
\hline
\end{array}$ 
(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?

Quizplus · Accepted Answer

The Answer of The 2002 World Development Report provides the following information for Colombia and Thailand:
 $\begin{array}{ccccccc}
&
\begin{array}{c}
\
\
\text { Per Capita } \
\text { GDP (\$) }
\end{array} & \begin{array}{c}
\
Per Capita\
\text { GDP } \
\text { (PPP \$) }
\end{array} & \begin{array}{c}
Population\
below ~National\
\text { Poverty Line } \
(\%)
\end{array} & \begin{array}{c}
Population\
below\
\text { \$1 Day PPP } \
(\%)
\end{array} & \begin{array}{c}
Poverty\
Gap ~at\
\text { \$1 Day } \
\text { PPP (\%) }
\end{array} & \begin{array}{c}
\
\
\text { Gini } \
\text { Index }
\end{array} \
\hline
Colombia&2080 & 5890 & 17.7 & 11.0 & 3.2 & 57.1 \
Thailand&2010 & 6330 & 13.1 & <2 & <0.5 & 41.4\
\hline
\end{array}$ 
(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?

The 2002 World Development Report Provides the Following Information for Colombia