GMS 724 Lecture Notes - Lecture 4: Purchasing Power Parity, Reflation, Deflation
5 Mar 2019
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Document Summary
If both made japan, which are accounted as japan"s gnp. Improving the power of gnp: per capita conversion, rate of change, purchasing power parity, shadow economies, degree of human development, green measures. Implications of chronic inflation: cost of living, price indexes & measurement problems, deflation -> reflation. Unemployment: definition: numbers of workers who want to work but do not have jobs, problems in measuring: who are not working at all; are working without pay; voluntarily stopped for looking. Internal debt: portion of the government debt that is denominated in the country"s own currency and held by domestic residents: external debt: debt owed to foreign creditors and denominated in foreign currency. Income distribution: gini coefficient (0-1): the degree of inequality in the distribution of income in a country, urban vs. Poverty: world bank definition (80-10-10; . 25/ppp/day, poverty and the economic environment, the potential of the poor, bottom of the pyramid phenomenon, poor people as.
