Chapter 1 THE FACTS TO BE EXPLAINED.

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Presentation transcript:

Chapter 1 THE FACTS TO BE EXPLAINED

Table 1.1 Top Eleven Countries in Year 2009 According to Three Different Measures

Figure 1.1 The Parade of World Income Source: Heston, Summers, and Aten (2011).

Figure 1.2 GDP per Capita in the United States, 1870–2009

Figure 1.3 The Effect of Using a Ratio Scale

Figure 1.4 GDP per Capita in the United States, 1870–2009 (Ratio Scale)

Figure 1.5 GDP per Capita in the United States, the United Kingdom, and Japan, 1870–2009 Sources: Maddison (1995), Heston, Summers, And Aten (2011).

Figure 1.6 The Distribution of Growth Rates, 1975–2009 Source: Heston, Summers, and Aten (2011).

Figure 1.7 GDP per Capita by Country Group, 1820–2008 Sources: Maddison (2008), Heston, Summers, and Aten (2011).

Figure 1.8 World Inequality and Its Components, 1820–1992 Source: Bourguignon and Morrison (2002).

Chapter 1 Appendix: Measuring and Comparing GDP Using Purchasing Power Parity

Table 1.2 Production and Prices in Richland and Poorland

Table 1.3 The Effect of Using PPP on Comparisons of GDP