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Published byHerbert Dawson Modified over 8 years ago
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Economic Growth
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Would You Rather? Would you rather have an average income of 55K today or Have 55K and live in 1900 – Careful, you may be extreme wealthy with 55K in 1900, but you must take all the technology of 1900 Which standard of living would you prefer?
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Think Why did you select this? This is growth? I know that this is a class on global economic issues, but growth has a way of nullifying many issues and a way of magnifying other issues
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A typical family with all their possessions in the U.K., an advanced economy GDP per capita: $35,580 Life expectancy: 79 years Adult literacy: 99% GDP per capita: $35,580 Life expectancy: 79 years Adult literacy: 99%
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A typical family with all their possessions in Mexico, a middle income country GDP per capita: $11,410 Life expectancy: 76 years Adult literacy: 92% GDP per capita: $11,410 Life expectancy: 76 years Adult literacy: 92%
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A typical family with all their possessions in Mali, a poor country GDP per capita: $1,130 Life expectancy: 50 years Adult literacy: 46% GDP per capita: $1,130 Life expectancy: 50 years Adult literacy: 46%
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