Question

In: Economics

What is the approximate difference in life expectancy for people born in rich nations versus people...

What is the approximate difference in life expectancy for people born in rich nations versus people born in poor ones?

Solutions

Expert Solution

Life Expectancy in Rich Nations Life Expectancy in Poor Nations
Health Services Rich countries have improved Health services when compared to poor nations. Poor countries have Health services which aren't as good when compared to Rich nations.
Mortality Rate The mortality rate in rich countries is comparatively lower. The mortality rate in poor countries is comparatively higher.
Longetivity In rich countries there is higher longetivity of life expectancy. In poor countries the longetivity of life expectancy is comparatively lesser.
Infant Deaths In rich nations there better nutritional intake which leads to a health born infant who lives longer. In poor countries the nutritional intake is comparatively lesser because of poverty which leads to higher infant deaths.
Externality Effect Higher income does not always mean higher life expectancy. Because the determinants of growth in rich countries may lead to negative externalities which affects the live expectancy. Lower income does not always mean lower life expectancy. Because the amount of negative externalitites is comparatively lower.

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