ECOR 1010 Lecture Notes - Lecture 23: Gross Domestic Product, Road Salt, Acid Rain

• School: Carleton University
• Department: Engineering Common Core Courses
• Course: ECOR 1010
• Professor: Glenn Mc Rae

Document Summary

Lecture 1= the drivers of change (population, economy, social values, technology, environment) 2005 6. 4 billion people on the planet. By 2050 --- 8. 9 to 10. 3 billion on the planet. Population increasing at a rate of ~ 73m/year. During your life-time the global population has increased by 28% By 2050 65% will live in cities. China planning to reverse 80% rural 20% urban with a generation of over 200 >1m cities to be built. Gross domestic product = the total market value of all the goods and services produced within the borders of a nation during a specified period. International trade expanding rapidly, 20% increase in gwp. Gross world product = measurement of the total income and output of all the countries added up. During your lifetime almost 70% increase in gdp. Poor countries had there best times in the 60s and 70s at 3. 3 % growth. 2004 production of 44m cars vs. 8m in 1950.