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Why does real GDP have limitations in determining economic welfare?
Infant
A child in the earliest stage of life, typically defined as being from birth up to one year of age.
Age-Adjusted Mortality Rate
A mortality rate statistically modified to eliminate the effect of different age distributions in different populations.
Crude Mortality Rate
The total number of deaths in a given population and time period divided by the total population, typically expressed per 1000 individuals.
Disease Occurrence
The frequency at which a disease appears in a population or area.
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