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 


khakaan (1456)
Duke University

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