ECON 2060 Lecture Notes - Lecture 1: Per Capita Income, Sugar Act, Competitive Advantage
Document Summary
Could expand rapidly without technological innovation because of resources. Resource ratios increased so population could continue to grow. North america was open society- flowing in and out. Basis of population increase not only internal also immigration. 1) rate of natural increase (rni)- increase of resident population. Dr europe = 35 +/- 5, dr colonial america = 20 +/- 5. Rni europe = 0, rni colonial america = 25. Measure of well being = population that has positive growth rate over period. Higher relative quality of life in america compared to europe. Dr low in colonies because of abundance of land = food high = less disease. Infants much lower death rate than in europe; nutrition matters to them indirectly. Mothers are healthier in na so babies live . breast feeding nutrients. Also low b/c live in rural areas so low urbanization. Life expectancy below the age of 5 determines life expectancy.