What is global per capita income today

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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.

Instructions: Round your first two answers to the nearest whole number.

(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?

Instructions: Round your answer to two decimal places.

Percent

Reference no: EM13798041

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