GEOG 1001 Lecture : Geography 1001 Lecture 4
Document Summary
Measuring economic development economies; usually assumed to always be a good thing (economic growth); but there can be negatives; gives us a sense of which countries are more wealthy than others. Gross domestic product (gdp) most globally used measurements of world. Gross national income combination of countries income and how much is made. Purchasing power parity (ppp) per capita corrective measure exchange rate. Richer part of the war called global north north am, europe, australia and new. Zealand (historically tied to gb; great economies; included even though they aren"t. Life expectancy rose steadily through the 60"s because of better workers. Educational attainment should the population be given education; should. Personal income not just feasible wealth/income but having a house, located in north); poor part of the world = the global south. Patterns of social well being education be free; etc. spending money, etc. conditions. Improvement in economic well being of people and regions.
