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Chapter Seventeen:

Chapter Seventeen:. How Economies Grow and Develop. Development and Economic Growth. Figure 17.1: Economic Growth in the AS/AD Model. AS 1. AS 0. Inflation rate ( π ). AD 1. AD 0. Expanded maximum capacity. Output ( Y ).

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Chapter Seventeen:

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  1. Chapter Seventeen: How Economies Grow and Develop

  2. Development and Economic Growth

  3. Figure 17.1: Economic Growth in the AS/AD Model AS1 AS0 Inflation rate (π) AD1 AD0 Expanded maximum capacity Output (Y )

  4. Table 17.1: Per Capita Annual Real GDP Growth in Select Latin American Countries, 1980-2010 (%) Source: World Bank, World Development Indicators Database, 2013

  5. Country Growth Experiences

  6. Figure 17.2: World Economic Growth, 1971-2011 Source: World Bank, World Development Indicators Database 2013

  7. Table 17.2: Income, Growth, and Population Comparisons, Selected Countries and Country Groups Source: World Bank, World Development Indicators Database, 2013. * Data for Haiti growth rate is for 1991–2011.

  8. Figure 17.3: GDP per Capita in 2011 (in constant 2005 PPP $ per person) Source: World Bank, World Development Indicators Database, 2012

  9. Figure 17.4a: Per Capita GDP Expressed as a Percentage of per-Capita GDP in High-Income Countries South Korea GDP per capita, PPP Percent of High-Income GDP Botswana China India Source: World Bank, World Development Indicators Database, 2013

  10. Figure 17.4b GDP per capita, PPP Percent of High-Income GDP Source: World Bank, World Development Indicators Database, 2013

  11. Figure 17.5: Growth and Income Relationship with Area Proportional to Population Source: World Bank, World Development Indicators Database, 2013

  12. Table 17.3: Growth Rates and Changes in Poverty Rates, Select Countries Source: World Bank, World Development Indicators Database, 2013. Note: The poverty rate is based on a poverty line of $1.25 per day.

  13. Inequality

  14. Figure 17.6: The Unequal Distribution of the World’s Income, 2007 Top 20%: 82.8% of world income Next 20%: 9.9% of world income Third 20%: 4.2% of world income Fourth 20%: 2.1% of world income Poorest 20%: 1.0% of world income Source: I. Ortiz and M. Cummings, “Global Inequality: Beyond the Bottom Billion,” UNICEF Social and Economic Policy Working Paper, April 2011.

  15. Figure 17.7: Shares of U.S. Income Going to Top 10 Percent and Top 1 percent, 1920-2012 Top 10 Percent Top 1 Percent Source: Thomas Pickett and Emmanuel Saez U.S. incomes series, http://elsa.berkeley.edu/~saez/TabFig2012prel.xls

  16. Figure 17.8: The Relation Between Life Expectancy and Income, with Area Proportional to Population Source: World Bank, World Development Indicators Database, 2013

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