Chapter 2 Reading

SUSTAINABLE DEVELOPMENT CHAPTER 2 

Section 1) Three major aspects of sustainable development are social inclusion, economic development, and environmental sustainability. Gross Domestic Product is one measurement of our nation’s economic development. This is normally expressed within the time span of one year. Growth represents market transactions, domestic is the economic measurement activity, and production is what is output into capital in a certain time period. Measuring GDP per capita is achieved by dividing the total production within the country by the population. This is why larger countries have higher production rate. All countries are placed within three categories, high, middle, and low-income, based on gross domestic product per capita of the country. Price-level differences are  the purchases of "power parity", or PPP. These consist of haircuts, legal fees, basic necessity purchases, and luxury spending.

 

Section 2) Each country has varying sections of economical standards of living, but the country is labeled under the average GDP of the entire country. 90% of the world's population had lived in the rural area before the Industrial Revolution, but is now transitioning into urban lifestyles and changing fundamentals of lifestyles within multiple countries. Urbanization varies across the globe but generally means the tightly packed living spaces within settled areas due to the population. The higher the urbanized area one lives in, the higher their income tends to be. A population density is the amount of people living per square mile in one area. Providing buildings located in rural areas with water and electricity becomes difficult.

 

Section 3)