PUP-3002 Lecture Notes - Lecture 1: Employment-To-Population Ratio, Government Spending, John Maynard Keynes
5 Apr 2018
School
Department
Course
Professor
Document Summary
Different platforms on taxes, tax incentives, and dispersions. While all growth at first is good, too much, too quickly can at times be suboptimal. This is often the case when growth is due to new resources or new access to resources. Ratio that (cid:373)easures the proportio(cid:374) of the cou(cid:374)try"s (cid:449)orki(cid:374)g age populatio(cid:374) that is e(cid:373)ployed. The percent rate of increase of gdp (adjusted for inflation) or real gdp. The growth of the ratio of gdp to population (gdp per capita); aka per capita income. When in recession, jobs close people always changing jobs. The increase in the market value of the goods and services produced by an economy. When inflation is high, the things you want cost more. When inflation is low, things you want cost less. Often caused by increases in the production of money/excess money in the economy. Positive balances are desirable because a country is less dependent on others for products services.
