ECN 340 Lecture 8: ENC340 – Fat Economics
10 Mar 2017
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But these explanations do not stand up to scrutiny: while obesity and weight problems is particularly acute in the u. s. its also a major problem in. The relative price of food: since the 1950s people"s income has risen faster than food prices. Real income (inflation adjusted) is higher than it was 60 years ago. Its downward sloping, as price goes down, people buy more of it. Food prices have moved tandem with other prices, but relative to other prices food prices have fallen, particularly between 1970-2000. Food prices generally raised, particularly corn, which used to produce ethanol, used to mix in gasoline, leading to a rise in the price of corn. Corn and its by-products used in many food products. The real price of gasoline: price of gasoline in real terms has fallen over the long run, cheaper gasoline prices add to weight gain because:
