Now lets look at the productivity of the worlds least, Ask an Expert

Economics

Now let's look at the productivity of the world's least productive 80%.

a. How much GDP do they produce? (Hint: You've already calculated this number in the previous question.)

b. What is the average GDP per capita of the least productive 80% of the world's population?

c. Now, the payoff: How productive is the average person in the top 20% compared with the average person in the bottom 80% of the planet?

Answer this by dividing your answer to question by your answer to question. This chapter and the next are devoted to explaining why this ratio is so large.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92660967

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