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Chapter 1 THE FACTS TO BE EXPLAINED.

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Presentation on theme: "Chapter 1 THE FACTS TO BE EXPLAINED."— Presentation transcript:

1 Chapter 1 THE FACTS TO BE EXPLAINED

2 Table 1.1 Top Eleven Countries in Year 2009 According to Three Different Measures

3 Figure 1.1 The Parade of World Income
Source: Heston, Summers, and Aten (2011).

4 Figure 1.2 GDP per Capita in the
United States, 1870–2009

5 Figure 1.3 The Effect of Using a Ratio Scale

6 Figure 1.4 GDP per Capita in the United States, 1870–2009 (Ratio Scale)

7 Figure 1.5 GDP per Capita in the United States, the United Kingdom, and Japan, 1870–2009
Sources: Maddison (1995), Heston, Summers, And Aten (2011).

8 Figure 1.6 The Distribution of Growth Rates, 1975–2009
Source: Heston, Summers, and Aten (2011).

9 Figure 1.7 GDP per Capita by Country Group, 1820–2008
Sources: Maddison (2008), Heston, Summers, and Aten (2011).

10 Figure 1.8 World Inequality and Its Components, 1820–1992
Source: Bourguignon and Morrison (2002).

11 Chapter 1 Appendix: Measuring and Comparing GDP Using Purchasing
Power Parity

12 Table 1.2 Production and Prices in Richland and Poorland

13 Table 1.3 The Effect of Using PPP on Comparisons of GDP


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