BIOL 111 Lecture Notes - Lecture 3: Exponential Growth, International Trade, Gross Domestic Product
9 Oct 2014
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Biol 111 - ecology and the environment - lecture 3: economics. Human population growth curve has been j shaped (exponential) The sun"s energy output is predicted to decrease rapidly in the next century. Overcrowding will lead to widespread disease, increase death rates. Natural capital on planet earth is finite. Increase in capacity of a country to provide people with goods and services. Requires: population growth, increased production, increased consumption per person, or both increased consumption and production. Improvement of living standards by economic growth: where economic growth increases in capacity of a country to provide people with goods and services. Gross domestic product: the annual market value of all goods and services produced by all firms and organizations, foreign and domestic, operation within a country. How well a country is doing = large annual market value. Per capita gdp: how the changes in a countries standard of living are measured. Developing contrasts: life expectancy, infant mortality, agriculture, pollution, poverty.
