1.2 - Sustainable Societies Growing Economically

Question 1

GDP

Answer 1

Gross domestic product; annual market value of all goods and services produced by all firms and organizations, foreign and domestic, operating within a country.

Question 2

Per capita GDP

Answer 2

the GDP divided by the total population at midyear.

Question 3

Per capita GDP PPP

Answer 3

a measure of the amount of goods and services that a country’s average citizen could buy in the United States.

Question 4

PPP

Answer 4

Purchasing power parity

Question 5

Developed countries

Answer 5

-Highly industrialized
-High per capita GDP PPP

Question 6

Developing countries

Answer 6

-Mostly in Africa, Asia, and Latin America
-Some are middle income, moderately developed countries
-Lower life expectancy
-Higher population growth

Question 7

Stats of developing countries

Answer 7

-Half of the people in the world live in extreme poverty
-They survive on less than $2 for daily income
-1/6 survive on less than $1 a day

Question 8

Environmentally sustainable economic development

Answer 8

Political and economic system that discourage harmful/unsustainable forms of economic growth
Encourages environmental beneficial/sustain forms of economic growth.
Aims to sustain natural capital