GCU 102 Chapter Notes - Chapter 9: Gross Domestic Product, Gross National Income, Purchasing Power Parity
11 Nov 2015
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Document Summary
Result of competitive economic systems; influenced cultural and political factors. Ldc developing or less developed regions (periphery / semiperiphery regions) An estimate total value of all materials, services, goods that are produced by a country in a particular year. Measure of the income that flows to a country from production wherever in the world. One of the best single measures of economics. #1 north america; west europe; australia; japan; korea. #2 south america (brazil, chile, mexico); eurasia; south africa. How much of a common market basket of goods, services each currency can purchase locally. Nearly 100 million people in 22 countries (16 in africa) cannot meet their minimum energy needs even by overcutting remaining forest. The maximum population that can maintained in a place at rates of resource use and water production that are sustainable in long term without damaging the overall productivity of that or other places. 38% bituminous coal (fuel in power stations)
