Haiti was hit by a magnitude 7.2 earthquake on August 15, 2021. The earthquake occurred at...

  

  

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Haiti was hit by a magnitude 7.2 earthquake on August 15, 2021. The earthquake occurred at the Tiburon Peninsula, leaving at least 1,297 people dead and more than 5,700 injured, according to the country's civil protection agency. The quake also destroyed 13,694 homes, pushing hospitals to the brink and blocking roads that would carry vital supplies. Prior to the earthquake, Haiti was already the poorest nation in the Americas and one of the poorest in the world, with a GDP per capita of $ 1,177 and significant deficiencies in basic services. According to United Nations Development Program, 24.7 percent of Haitians live in absolute poverty, which is less than $1.25 per day. Even more, approximately 59 percent of Haitians live on less than $2 a day. Haiti is also ranked at 0.510 in 2020, which put the country in the low human development category, positioning it at 158 out of 189 countries and territories - a rank shared with Sudan. More positively attempts to redistribute income equality in the nation have been successful, with a Gini coefficient of 41.1 in 2017, an improvement from 60.8 as of 2010. In the 4 years prior to the earthquake the country also demonstrated considerable growth: Year 2020 2019 2018 2017 GDP Per Capita (US S) Annual growth rate (%) 1,177 1,272 1,435 1,294 Questions: 1. (a) Define the following terms from the text: i Absolute poverty (line 5) [2 marks] ii. Human Development Index (HDI) (line 7) [2 marks] -7.52 11.35 10.90 2.23 HDI 0.51 0.51 0.50 0.50 (b) Calculate the overall growth rate in GDP per capita and HDI in this period? [2 marks] ******* ********* (c) Explain using a PPC/PPF diagram the impact of the earthquake which left '1,297 people dead, destroyed 13,694 homes, as well as pushing hospitals to the brink and blocking roads carrying vital supplies', on the economy of Haiti. [4 marks] (d) (i) Using a Lorenz curve diagram, explain the meaning of "a Gini coefficient of 0.41" (paragraph 14). [4 marks] (ii) Illustrate on your diagram the change in Gini-coefficient between 2010 and 2017? [2 marks] Haiti was hit by a magnitude 7.2 earthquake on August 15, 2021. The earthquake occurred at the Tiburon Peninsula, leaving at least 1,297 people dead and more than 5,700 injured, according to the country's civil protection agency. The quake also destroyed 13,694 homes, pushing hospitals to the brink and blocking roads that would carry vital supplies. Prior to the earthquake, Haiti was already the poorest nation in the Americas and one of the poorest in the world, with a GDP per capita of $ 1,177 and significant deficiencies in basic services. According to United Nations Development Program, 24.7 percent of Haitians live in absolute poverty, which is less than $1.25 per day. Even more, approximately 59 percent of Haitians live on less than $2 a day. Haiti is also ranked at 0.510 in 2020, which put the country in the low human development category, positioning it at 158 out of 189 countries and territories - a rank shared with Sudan. More positively attempts to redistribute income equality in the nation have been successful, with a Gini coefficient of 41.1 in 2017, an improvement from 60.8 as of 2010. In the 4 years prior to the earthquake the country also demonstrated considerable growth: Haiti was hit by a magnitude 7.2 earthquake on August 15, 2021. The earthquake occurred at the Tiburon Peninsula, leaving at least 1,297 people dead and more than 5,700 injured, according to the country's civil protection agency. The quake also destroyed 13,694 homes, pushing hospitals to the brink and blocking roads that would carry vital supplies. Prior to the earthquake, Haiti was already the poorest nation in the Americas and one of the poorest in the world, with a GDP per capita of $ 1,177 and significant deficiencies in basic services. According to United Nations Development Program, 24.7 percent of Haitians live in absolute poverty, which is less than $1.25 per day. Even more, approximately 59 percent of Haitians live on less than $2 a day. Haiti is also ranked at 0.510 in 2020, which put the country in the low human development category, positioning it at 158 out of 189 countries and territories - a rank shared with Sudan. More positively attempts to redistribute income equality in the nation have been successful, with a Gini coefficient of 41.1 in 2017, an improvement from 60.8 as of 2010. In the 4 years prior to the earthquake the country also demonstrated considerable growth: Year 2020 2019 2018 2017 GDP Per Capita (US S) Annual growth rate (%) 1,177 1,272 1,435 1,294 Questions: 1. (a) Define the following terms from the text: i Absolute poverty (line 5) [2 marks] ii. Human Development Index (HDI) (line 7) [2 marks] -7.52 11.35 10.90 2.23 HDI 0.51 0.51 0.50 0.50 (b) Calculate the overall growth rate in GDP per capita and HDI in this period? [2 marks] Year 2020 2019 2018 2017 GDP Per Capita (US S) Annual growth rate (%) 1,177 1,272 1,435 1,294 Questions: 1. (a) Define the following terms from the text: i Absolute poverty (line 5) [2 marks] ii. Human Development Index (HDI) (line 7) [2 marks] -7.52 11.35 10.90 2.23 HDI 0.51 0.51 0.50 0.50 (b) Calculate the overall growth rate in GDP per capita and HDI in this period? [2 marks] ******* ********* (c) Explain using a PPC/PPF diagram the impact of the earthquake which left '1,297 people dead, destroyed 13,694 homes, as well as pushing hospitals to the brink and blocking roads carrying vital supplies', on the economy of Haiti. [4 marks] ******* ********* (c) Explain using a PPC/PPF diagram the impact of the earthquake which left '1,297 people dead, destroyed 13,694 homes, as well as pushing hospitals to the brink and blocking roads carrying vital supplies', on the economy of Haiti. [4 marks] (d) (i) Using a Lorenz curve diagram, explain the meaning of "a Gini coefficient of 0.41" (paragraph 14). [4 marks] (ii) Illustrate on your diagram the change in Gini-coefficient between 2010 and 2017? [2 marks] (d) (i) Using a Lorenz curve diagram, explain the meaning of "a Gini coefficient of 0.41" (paragraph 14). [4 marks] (ii) Illustrate on your diagram the change in Gini-coefficient between 2010 and 2017? [2 marks]