Follow up question how much is 5day pay is how much today CPI 2016 2430 CPI

Follow up question how much is 5day pay is how much

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Follow up question- how much is $5/day pay is how muchtoday? Question- Why are real wages so much more today?Why economies grow in the Long Run Part A- Is economic growth “Zero-sum”?Do some countries get rich by making other countries poorer? Question- In your view, are some countries rich because they have taken wealth, income and resources from poor countries (i.e. is world growth zero-sum)? Question- What average annual growth rate of the economy will make your life so radically different from the lives of your grandparents?1%? 2%? 5%? 10%?
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Question: what average annual growth rate of the economy will make your life so radically different from the lives of your grandparents? Question - how did Gdp per person in the US rise from $19.000 in 1961 to $55800 today and change everyone's lives? Key terms Y: real gdp (real production or income) $16.8 trillion in US L: number of workers in a country’s economy (i.e. “labor” Y/L: labor productivity- how much the average worker produces in a year Pop: population for a country Y/pop: GDP per person $55,800 in US ( Y/ Pop ) = ( L/ Pop) * (Y / L) This equation is adjusted for inflation because it is using real gdp US in 1961 using this equation ^^ $19,000 = .29 * $65,500 Because baby boomers working and more women working US in 2014 using the equation $55,800 = .44 * $126,800 In the next 20 years or so the .44 is going to decline because many of the baby boomers will retire and stop in the work force Question - These data say that income per person ___ for ____ reason (s).
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