GEOG 102 Lecture Notes - Lecture 18: Gross National Income, Gross Domestic Product, Walt Whitman Rostow
Document Summary
Series of links connecting the many places of production and distribution resulting in a commodity that is then exchanged on the world market. Total value of all goods and services produced by a country"s economy in a year. Total value of all goods and services produced within a country in a year. Total value of what is produced in addition to the income received from investments outside of the country munis payments to other countries. Gni that is divided by the total population. The legal economy that is taxed and monitored by governments; included in. Economic activity that is neither taxed nor monitored by government; not included in gnp. Closely related with work of walter rostow; maintains that all countries go through 5 interrelated stages of development. Model that treats economic disparities among places as the result of historically derived power relations.
