ECON 239 Chapter Notes - Chapter 1: Industrial Revolution, Insecticide, Infant Mortality
15 Dec 2015
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ECON 239 Full Course Notes
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Development gap the differences in economic development between the advanced economies and the poorer economies of the world. Isn"t changed only by poor countries becoming richer, sometimes rich countries see economic downturns e. g. argentina. The income gap: measured in gdp or gnp per capita. Expressed in usd: use exchange rates based on ppp. Reflects health conditions and the quality of health care. Correlates closely with income: infant mortality rate measures the probability that a child will die before reaching age 1. Computed as the number of children dying before 1 per 1000 live births in the same year (so divide this rate by 10 to compute probability of dying by 1) Some developing countries have low infant mortality rates demonstrating that health care policies can make a difference e. g. cuba"s is lower than the us. Kenya reduced its infant mortality rate by 8% each year from.
