Exploring Real GDP and Global Wealth Differences

What is Real GDP per capita used to measure?

• The total wealth of a country

• The average individual's command over goods and services

• The population size of a country

• The inflation rate in a country

How many baskets of goods can an average person in the Central African Republic buy in a year?

• 178 baskets

• 60 baskets

• 545 baskets

• 6 baskets

What is the Real GDP per capita of Mexico?

• $178,000 per year

• $54,500 per year

• $17,800 per year

• $600 per year

What does purchasing power parity take into account?

• Differences in population sizes

• Differences in prices across countries

• Differences in inflation rates

• Differences in currency exchange rates

How many times more can the average person in Mexico buy compared to the average person in the Central African Republic?

• 20 times more

• 50 times more

• 29 times more

• 10 times more

How many baskets of goods can the average American buy in a year?

• 178 baskets

• 1,000 baskets

• 545 baskets

• 600 baskets

What is the Real GDP per capita of the Central African Republic?

• $17,800 per year

• $178,000 per year

• $600 per year

• $54,500 per year

How many times more can the average American buy compared to the average person in the Central African Republic?

• 10 times more

• 50 times more

• 100 times more

• 90 times more

Which country is closer in prosperity to the United States?

• Mexico

• Neither is close

• Central African Republic

• Both are equally close

What future topics will be covered in the upcoming videos?

• All of the above

• Improvements or deteriorations in wealth

• Convergence and divergence of countries

• Historical wealth disparities