Introduction to Sociology (Eleventh Edition)
Introduction to Sociology (Eleventh Edition)
11th Edition
ISBN: 9780393639407
Author: Deborah Carr, Anthony Giddens, Mitchell Duneier, Richard P. Appelbaum
Publisher: W. W. Norton & Company
Question
Book Icon
Chapter 9, Problem 1CC-P210
Summary Introduction

Introduction

Global inequality is the systematic differences in wealth and power among countries. The World Bank uses gross domestic product to measure global inequality. This measure ignores internal inequalities, and comparing only on this basis ignores noncash transactions.

Expert Solution & Answer
Check Mark

Explanation of Solution

Answer and explanation

The World Bank measures global inequality by comparing the gross domestic product (GDP) of countries. It has a rankings of high income, upper middle income, lower middle income, and lower income, and measures mobility between categories. The GDP is an average per citizen statistic, and ignores any inequalities that are internal to a country. These internal gaps are growing in most developed countries. Another problem with this way of ranking is that it does not take into account the noncash transactions that happen inside countries when farmers barter goods and services, leading so some countries to be unfairly labeled lower income.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Social Psychology (10th Edition)
Sociology
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Pearson College Div
Text book image
Introduction to Sociology (Eleventh Edition)
Sociology
ISBN:9780393639407
Author:Deborah Carr, Anthony Giddens, Mitchell Duneier, Richard P. Appelbaum
Publisher:W. W. Norton & Company
Text book image
The Basics of Social Research (MindTap Course Lis...
Sociology
ISBN:9781305503076
Author:Earl R. Babbie
Publisher:Cengage Learning
Text book image
Criminalistics: An Introduction to Forensic Scien...
Sociology
ISBN:9780134477596
Author:Saferstein, Richard
Publisher:PEARSON
Text book image
Sociology: A Down-to-Earth Approach (13th Edition)
Sociology
ISBN:9780134205571
Author:James M. Henslin
Publisher:PEARSON
Text book image
Society: The Basics (14th Edition)
Sociology
ISBN:9780134206325
Author:John J. Macionis
Publisher:PEARSON