Measuring Macro Outcomes



Measuring Macro Outcomes

Introduction

Approximately 1.3 billion people of the world are living in the low income countries. These countries have reduced quantity of goods and services. The average income according to per capita GDP in low income countries is $1500 annually (Rahn, 2013). This annual income is only the 4% of the average income of the high income countries. Some of the countries included in the list of high income countries are United States, Japan and Germany. This massive inequality difference in the income also causes differences in the duration of life and affects the quality of life.

Discussion

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