• OLD (2001)
I http://www.youtube.com/watch?v=fA6MhyK60i
• NEW (updated 2010) http://www.youtube.com/watch?v=r6eTr4ldDYg

Understanding the basic terms

• The total number of people living in a given area (pg 86)
• https://www.census.gov/population/www/po pclockus.html
(US)
• http://www.census.gov/population/popclock world.html
(world)
• 25 most populated countries http://geography.about.com/cs/worldpopulati on/a/mostpopulous.htm

• A measure of the number of people living in a given area (86)

• The spread of people living in a given area
• How the population of an area is arranged according to variables such as age, race, or sex
• People do not like to live in places that are too hot, too cold, too wet, too dry
• Population density is very low in these areas

• Gross National Product
• The total monetary value of all final goods and services produced in a country during one year PLUS income earned by its citizens abroad, minus income earned by foreigners from domestic production

• The value of all goods and services produced within a country in a single year (pg. 95)
• United States GDP $15.29 trillion (2011 est.) country comparison to the world: 2
• Djibouti GDP $2.26 billion (2011 est.) country comparison to the world: 184

Stands for:
Definition:
GDP
Gross Domestic Product
GNP
Gross National Product
An estimated value of the total worth of a country’s production and services, on its land, by its nationals and foreigners, calculated over the course on one year
An estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign land, calculated over the course on one year
Formula for Calculation:
GDP = consumption + investment +
(government spending) + (exports − imports)
GNP = GDP + NR (Net income inflow from assets abroad or Net Income Receipts) - NP
(Net payment outflow to foreign assets)
Uses: Business, Economic Forecasting
Application (Context in which these terms are used):
To see the strength of a country’s local economy
Business, Economic Forecasting
To see how the nationals of a country are doing economically
Layman Usage:
Country with Highest Per Capita (US$):
Country with Lowest Per Capita (US$):
Country with Highest (Cumulative):
Total value of products & Services produced within the territorial boundary of a country
Total value of Goods and Services produced by all nationals of a country (whether within or outside the country)
Luxembourg ($87,400)
Liberia ($16)
USA ($13.06 Trillion in 2006)
Luxembourg ($45,360)
Mozambique ($80)
USA (~ $11.5 Trillion in 2005)

• Measure of the total output of a country that takes the gross domestic product ( GDP) and divides it by the number of people in the country
• So let’s practice…
Country of Etterulis:
GDP: $756,487 per year
Population: 246
GDP/capita = $307.51

• Djibouti GDP/capita
$2,700 (2011 est.) country comparison to the world: 176
US GDP/capita
$49,000 (2011 est.) country comparison to the world: 11

• The science of social statistics, like of the births, deaths, diseases, marriages, etc., of populations.

• The average number of years to be lived by a group of people born in the same year
To use the life expectancy table: Find your age in the column below, then look to the appropriate gender column on the right to find the additional number of years you may expect to live. It is important to note that one-half of individuals can expect to live beyond their life expectancy and one-half will not live to that age.
Life Expectancy Using the RP-2000 Combined Healthy Mortality Table Projected to
2011*
Age Male Female Age Male Female
18
19
62
61
65
64
65
66
18
17
20
19
23
24
25
20
21
22
60
59
58
57
56
55
63
62
61
60
59
58
67
68
69
70
71
72
16
15
14
14
13
12
16
15
15
18
17
17

Djibouti total population: 61.57 years country comparison 184 male: 59.15 years female: 64.07 years
US total population 78.49
country comparison 50 male: 76.05 years female 81.05 years

• the ability to read and write
US definition: age 15 and over can read & write total population: 99% male: 99% female: 99%
Djibouti definition: age 15 and over can read & write total population: 67.9% male: 78% female: 58.4%

• The annual number of births per 1,000 people (88)
• The birth rate is usually the dominant factor in determining the rate of population growth. It depends on both the level of fertility and the age structure of the population
(lots of young people)

United States:
13.68 births/1,000 population country comparison to the world: 146
Djibouti:
24.91 births/1,000 population country comparison to the world: 59

• The annual number of deaths per 1,000 people
• The death rate accurately indicates the current mortality impact on population growth. This indicator is significantly affected by age distribution, and most countries will eventually show a rise in the overall death rate

• Djibouti Death Rate
8.08 deaths/1,000 population (July 2012 est.) country comparison to the world: 98
• US Death Rates
8.39 deaths/1,000 population (July 2012 est.) country comparison to the world: 87

The birth rate minus the death rate of a population

• The movement of people from one place to live in another (pg 89)
US:
3.62 migrant /1,000 population country comparison to the world: 26
Djibouti:
6.02 migrant/1,000 population country comparison to the world: 16

• The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area

• Economic value of an employee's skill set
• The collection of competencies, knowledge, social and personality skills includes creativity in the ability to perform work so as to produce economic value
• Understanding that not all labor is equal
• The quality of employees can be improved by investing in them
• The education, experience and abilities of an employee have an economic value for employers and for the economy as a whole.

• An economic advantage coming from an unpredicted source
• Example: A helpful "spillover" might be education. We all are better off if we have an educated workforce
• Example: Government support of public education

• An economic disadvantage coming from an unpredicted source
• A harmful "spillover" might be air or water pollution from production of a product. Even those who do not consume the product are hurt by pollution.
• Example: Government taxing or regulating pollution