(Answered) The world bank projects that the worlds population will

Management Studies

The World Bank projects that the world's population will increase from 7 billion today to 8 billion in 2025. World output today is roughly $80 trillion.

a. What is global per capita income today?

b. What will per capita income be in 2025 if the world's economy doesn't grow?

c. By what percentage must the world economy grow by 2025 to maintain current living standards?

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