22. A typical family with all their possessions in
the U.K., an advanced economy
GDP per capita: $36,010
Child mortality rate: 0.5%
High school enrollment: 98%
DavidReed-fromMATERIALWORLD
23. A typical family with all their possessions in
Mexico, a middle income country
GDP per capita: $15,390
Child mortality rate: 1.6%
High school enrollment: 71%
PeterMenzel/menzelphoto.com
24. A typical family with all their possessions in
Mali, a poor country
GDP per capita: $1,040
Child mortality rate: 17.6%
High school enrollment: 31%
PeterMenzel/menzelphoto.com
46. Need a Little Help…
Suppose you have a new puppy and are going to
build a fence, what do you need?
45
47. Production and Productivity
How do we increase production?
Production Function
Reduce poverty?
Need more GDP per capita
Productivity – output per unit of labor
46