MGTA01H3 Lecture Notes - Lecture 5: Distribution Of Wealth, Soil Fertility
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
A country can have a large gdp just because it has many workers. Gdp per capita = gdp "per head: China = . 9 trillion = ,500 per capita. India = . 3 trillion = ,800 per capita. Gdp per capita is just an arithmetic mean. It is possible to fail a course which has a class "average" grade of 75% "average" has limited meaning when the denominator is very small. Productivity = outputs (products/ services) inputs (people) Gdp per capita = productivity: (still need to finish) (missing some info) Gdp per capita is measure of productivity. A country has high productivity if it has plentiful. If not - the economy is producing less than it could. Ex of productivity: miles per hours, bits per min, goals per game, basket per min. Women as % of canadian labour force. Many canadians want to work - and can. 71% males work in canada and 62% females work in canada making a total of.
