Econ 114

Econ 114 - are: o Low income: $905 or less o Lower middle...

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Economics 114 Growth: sustained output in a country’s GDP GDP usually refers to per person There are a lot of issues with GDP o Not necessarily representative of population o Externalities o External influences Economics are divided according to GNI per capita, the groups
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Unformatted text preview: are: o Low income: $905 or less o Lower middle income $906-$3595 o Upper middle income $3,596-$11,115 o High income $11,116 or more Next time: purchasing power friday...
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This note was uploaded on 08/27/2011 for the course ECON 114 taught by Professor Cindybenelli during the Spring '08 term at UCSB.

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