In \"The Journal Of Economic Perspectives\" published by the American Economic A

Question

In "The Journal Of Economic Perspectives" published by the American

Economic Association studied the concept of

standard of living from 1800 to the present. They talk

about health, birth rate, length of life, literacy, and

politics. First, they talk about life expectancy. In

England there was a change in 1871 and India 1945.

Fertility rates changed in England in 1881 and India

1967. The typical woman in the 1890's married in her

teens or early twenties and spent 15 years in a state of

pregnancy, today that that time is 4 years. Literacy,

in India in 1950 19 % of the population was literate

whereas today 82 % are literate. All these factors and

more help in a nation's movement to a higher standard of

living. Measured by per capita GDP.



Is there anything that is not take-in into account when

measuring standard of living?

Explanation / Answer

the contribution of sports which ultimately reduces desperation.

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