3. In contrast, nearly 60 percent of the world's population continues to eke out a subsistence level

Question:

3. In contrast, nearly 60 percent of the world's population continues to eke out a subsistence level of income in countries with a per capita GNP of less than $500 per year.

Asia (except Japan), Africa, South America, and Central America contain 70 percent of the world's population, but they generate only 19 percent of the world's GNP.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

Question Posted: