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Health and Life Expectancy:
In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill health. The average life expectancy in developing nations in 2003 was 57 years as compared to 74 years in developed nations. Infant mortality rate is approximately 73 (66 for Ghana). This compares poorly with 12 in developed nations. Medical care is an extremely scarce social service in many parts of the developing world.
What is Economic Depreciation?
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
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what is money? functions
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