GEOG 216 Lecture Notes - Lecture 4: Gross National Happiness, Purchasing Power Parity, Parenting
17 Jan 2018
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Lecture 4 growth and dvpt: concept and measures. Additional of new resources and technological change which increases productivity. Compromises foreign firms producing in canada (ex: gdp includes japanese. Gnp: market value of all goods and services produced by nationals of a given country in a year. >like gdp but is a measure by nationals. All of what happened outside markets is not included. Includes all goods and services but except if they don"t go to the market. When we talk about an economy growing we talk about a grow in gdp. Eco structure: reflected by what activities are done. Informal sector (where there is no taxes) Illicit economy (economy of drugs and prostitution) Doesn"t differentiate btw welfare enhancing and welfare reducing activities. Doesn"t consider the inequalities -> the difference btw the distribution of. Purchasing power parity (ppp): attempt to compare the income levels of. You have to get the same amount of goods for the same price.
