1. NOV - Handouts November 19, 2009
Pg 1 1

2. 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 trillion
Pg 2

3. 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