Tag: economic welfare

This quiz will test your understanding of the utilitarian approach to economic welfare.

The Arrow Impossibility Theorem is a result in social choice theory that states that it is impossible to design a voting system that satisfies a set of reasonable criteria. The theorem was first proved by Kenneth Arrow in 1951.

Assess your understanding of the Atkinson Inequality Index, a measure of income inequality that considers both the distribution of income and the level of inequality.

Test your knowledge on the Wealth Index, a measure of economic well-being.

The Sen Capability Approach Quiz

This quiz will test your understanding of GDP and Economic Welfare.

The Inclusive Wealth Index (IWI) is a comprehensive measure of a country's wealth that includes both natural and produced capital, as well as human capital and net foreign assets.

This quiz is designed to assess your understanding of the Gini Inequality Index, a measure of economic inequality.

The Scitovsky Efficiency Approach to Economic Welfare

The Happy Planet Index (HPI) is a measure of human well-being and environmental impact. It is calculated using three factors: life expectancy, subjective well-being, and ecological footprint. The HPI was developed by the New Economics Foundation (NEF) in 2006.