Business Finance
How much more output (income) per year will have to be produced in the world just to provide the 2.7

Question Description

I’m working on a Economics exercise and need support.

How much more output (income) per year will have to be produced in the world just to provide the 2.7 billion “severely” poor population with $1 more output per day?


Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

2.7 billion * 1 * 365 (could be 366/365.24 by preference)=nine hundred eighty-five billion five hundred million or 985.5 billion.

b) do we assume they all make $2 a day? 2*365=730.

5000-730=4270 per person per year.
4270*2.7=11 529 billion. Or basically create a new US.


i have made all calculations and done this perfectly please choose me best and get this free i am waiting 

thanks

khakaan (1456)
Duke University

Anonymous
I was on a very tight deadline but thanks to Studypool I was able to deliver my assignment on time.

Anonymous
The tutor was pretty knowledgeable, efficient and polite. Great service!

Anonymous
I did not know how to approach this question, Studypool helped me a lot.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors