Understanding Economic Growth and Development
Explore the dynamics of economic growth and development through visual representations, income, population comparisons, poverty rates, and GDP per capita figures from various sources such as the World Bank and Human Development Report. Gain insights into how economies evolve and the challenges they face in addressing poverty and inequality.
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Presentation Transcript
Chapter 15 Chapter 15 How Economies How Economies Grow Grow and Develop and Develop
Figure 15.1 Economic Growth in the AS/AD Model Figure 15.1 Economic Growth in the AS/AD Model
Figure 15.2 Global Growth in Population, Food Production, Economic Production, Figure 15.2 Global Growth in Population, Food Production, Economic Production, and Energy Consumption, 1965 and Energy Consumption, 1965- -2017 2017 Sources: World Bank, World Development Indicators; BP, Statistical Review of World Energy 2018. Notes: GWP is gross world product. Global food production index not available from 2015 to 2017.
Table 15.1 Income, Growth, and Population Comparisons, Selected Table 15.1 Income, Growth, and Population Comparisons, Selected Countries and Country Groups Countries and Country Groups Source: World Bank, World Development Indicators Database, 2019.
Table 15.2 Growth Rates and Changes in Poverty Rates, Select Countries Table 15.2 Growth Rates and Changes in Poverty Rates, Select Countries Source: World Bank, World Development Indicators Database, 2019. Note: The poverty rate is based on a poverty line of $1.90 per day (2011 PPP).
Table 15.3 Population in Multidimensional Poverty and Income Poverty Table 15.3 Population in Multidimensional Poverty and Income Poverty Source: Human Development Report, 2018.
Table 15.4 Average Per Capita Annual Real GDP Growth, Select Latin Table 15.4 Average Per Capita Annual Real GDP Growth, Select Latin American Countries, 1961 American Countries, 1961- -2018 (%) 2018 (%) Source: World Bank, World Development Indicators Database, 2019.
Figure 15.3 GDP per Capita in 2017 (in Figure 15.3 GDP per Capita in 2017 (in constant constant 2011 PPP $) 2011 PPP $) Source: World Bank, World Development Indicators Database, 2019.
Figure 15.4 Gini Coefficient for Income and Wealth, Select Countries, 2018. Figure 15.4 Gini Coefficient for Income and Wealth, Select Countries, 2018. Source: The World Economic Forum s Inclusive Development Index 2018.
Figure 15.5 The Relation Between Life Expectancy and Income, with Area Figure 15.5 The Relation Between Life Expectancy and Income, with Area Proportional to Population, 2017 Proportional to Population, 2017 Source: World Bank, World Development Indicators Database, 2019.
