ECO 2013 Lecture Notes - Lecture 12: Current Population Survey (Us), Gross Domestic Product, Human Capital
5 Oct 2016
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Crime exists because of the selling of certain goods/services. Pollution exists because of the production of certain goods/services. Leisure time is not counted in gdp. Asians tend to be significantly happier than predicted by gdp. Human capital: knowledge and skill set that allows people to produce goods/services. You"re not as skilled at your job a year later as you were when you first lost your job. Unemployed: does not have a job and is looking. Not in the labor force: do not have a job and are not looking for one. Who counts as unemployed : doesn"t have a job, and one of the following, have applied for a job in the last 4 weeks, starting a new job within the next 30 days b. i. Ex: deciding to get a phd: are waiting to hear back from an employer that recently laid you off c. i.
