NOV - Handouts November 19, 2009 Pg 1 05-12-2006 1

Measuring the United States U.S. GDP=14.2 trillion 24% of the global economy US = Japan+China+Germany+Italy US = 82 percent GDP of G-6 Industrial output=Japan + China BRIC=$8.7 trillion combined US 3.3 times the size of China US growth of 2.5% = China growth of 8.25% Net National Assets = @$339 trillion Pg 2 05-12-2006

Chinese Economic Reality 1.3 billion population 600 million < $1,000 a year household 440 million = $1-2,000 a year 200 million = $2-20,000 a year 60 million = >$20,000 a year 80% of China lives at Sub-Saharan levels of income Pg 3 05-12-2006

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