ECON 4130 Study Guide - Final Guide: Lagash, Jared Diamond, Silt
5 Oct 2018
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Gnp, level, growth rate, or per capita) that are of interest to economists and explain what can be inferred from each of these indicators. Long life is a sign of good nutrition, medical care, lower stress, etc. 2) adult literacy: including both female and total; literacy is a measure of human capital. Female literacy is a measure of how egalitarian a society is. Gender = 3) average annual rate of inflation: measurement of the stability of an economy as well as the stability of the government. A country with a high and volatile inflation rate is generally also politically unstable. It doesn"t capture all economically important activities; such as black/informal (barter) market, agricultural production for own consumption, housework: dollar value of a good does not always equal social value (e. g. no accounting for pollution costs). Earlier industrialization: wages rose, but other aspects of life detiorated (unhealthier lifestyle).
