Lecture 3:

Question 1

What are some Macro-indicators?

Answer 1

Macro-indicators:
Geography: .. area, climatic conditions, topography
Population: growth, density, demographic distributions (age, gender, etc), life expectancy, literacy rates, household characteristics
Income:
.. GDP, GNP income per capita
.. disposable and discretionary income
distribution of income
Industrial structure: primary, manufactured goods and services; consumption and capital; private and public sectors

GDP per capita; does not factor cost of living differences
Purchasing Power Parity index: adjusts per capita GDP by cost-of-living
Static picture
Human Development Index: life expectancy, literacy, PPP based average incomes