Global Perspective on Income and Growth

  • Read Chapter 17 of Macroeconomics: Private and Public Choice.

From the tables presented in Chapter 17, what did you find most striking or unusual in the given income levels and growth rates of the different countries? Are rich countries getting richer while the poor are getting poorer? Has the United States become more or less economically free and how might this impact the future growth of the US? How does political decision-making impact the economy?

Your initial response should be a minimum of 200 words.

 

Reference book: Gwartney, J. D., Stroup, R. L., Sobel, R. S., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Cengage

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