Growth I

Growth I - PRINCIPLES OF MACROECONOMICS LONG-RUN ECONOMIC...

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PRINCIPLES OF MACROECONOMICS LONG-RUN ECONOMIC GROWTH Foster
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2 Measuring the Standard of Living: GDP (PPP) per Capita Blue = Above World Average Orange = Below World Average
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3 RANK COUNTRY PPP $ 1 Qatar 87,717 2 Luxembourg 78,723 3 Norway 53, 269 4 Brunei 50,103 5 Singapore 49,433 6 US 46,443 7 Switzerland 49,948 8 Ireland 39,441 9 Netherlands 39,278 10 Austria 38,896 11 Kuwait 38,876 12 Canada 38,290 13 UAE 38,284 14 Australia 37, 302 RANK COUNTRY PPP $ 20 UK 35,165 22 Germany 34,219 23 France 33,744 24 Japan 32,817 25 Greece 30,856 32 South Korea 27,791 38 Saudi Arabia 23,388 51 Russia 15,039 59 Mexico 13,542 71 Iran 11,202 97 China 6,546 128 India 2,932 157 Haiti 1,340 181 Zimbabwe 9
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4 GDP Real Growth Rates Blue countries have lower growth rates Orange countries have higher growth rates
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Comparing Economies Across Time Real GDP per capita (log scale) $100,000 10,000 1,000 1907 1920 1930 1940 1950 1960 1970 1980 1990 2000 2007 Year
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United States 10% 8 6 4 2 0 -2 Average annual
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Growth I - PRINCIPLES OF MACROECONOMICS LONG-RUN ECONOMIC...

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