GEOG 1992 Study Guide - Quiz Guide: Gross Domestic Product, Gross National Income, Secondary Sector Of The Economy
Document Summary
Gross domestic product (gdp): an estimate of the total value of all materials, food-stuffs, goods and services that are produced by a country in a particular way. Gross national income (gni): a measure of the income that flows to a country from production wherever in the world that production occurs. Purchasing power parity (ppp): measures how much of a common market basket of goods and services each currency can purchase locally, including goods and services that are not traded internationally. Carrying capacity: of agriculture land is the maximum population that can be maintained in a place under current technologies and best practices, without damaging the overall productivity of that or other place. Sustainable development: one that achieves a balance among economic growth, the environmental impacts of that growth, and the fairness, or social equity, of the distribution of the costs and benefits of that growth.
