Economic Development

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Economic Development 02/15/22

september 2015 they adapted 17 SDG's

1. no poverty
2. zero hunger/ end the hunger
3. good health/ living healthy
4. education/ ensure inclusive and equitable education
5. achieve gender equality and empower all women and girls
6. clean water/ ensure stability of water and sanitation for all
7. clean energy/ ensure access reliable, sustainable energy for all
8. economic growth/ promote sustain economic growth, decent employment for all
9. resilient infrastructure and fostering innovation
10. no inequality/ reduce inequality
11. make cities and make settlements inclusice, safe and sustainable
12. ensure sustainable consumption and production
13. take urgent action to combat climate change
14. conserve and sustainably use of oceans, seas and marines resources
15. protect, restore and promote sustainable use of life on land
16. promote peaceful and inclusive societies for sustainable development, provide
justice for all
17. partnership for sustainable development

02/24/22

Purchasing Power Parity

Value added - adding an additional value to an existing product


each stage of production the value is added
the more value the more expensive

Capital stock - exist in particular time


use to produce product, goods

GDP (Gross Domestic Product) - total final output no matter who produce it

PPP (Purchasing power parity) - calculation of GNI using common set of..
the country that has a high standard living cost people are making more money to
their wages

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