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BIRTH RATE: The number of people born per 1,000 population. The birth rate is compared with the death rate to indicate the natural population growth of a country. (Net migration is also needed in the calculation of the final, overall, actual growth of population.) The birth rate most frequently comes up in economic development discussions of less developed countries and their progress (or lack thereof) through the demographic transition.
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MIDPOINT ELASTICITY FORMULA A simple technique for calculating the coefficient of elasticity by estimating the average elasticity for discrete changes in two variables. The distinguishing characteristic of this formula is that percentage changes are calculated based on the average of the initial and ending values of each variable, rather than initial values. An alternative technique is the endpoint elasticity formula.
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The New York Stock Exchange was established by a group of investors in New York City in 1817 under a buttonwood tree at the end of a little road named Wall Street.
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"The truth is not for all men, but only for those who seek it. " -- Ayn Rand, writer
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JHR
Journal of Human Resources
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