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Episode 186: Nativism in Media (Part III) - IMF, NAFTA and Global Inequality By Design

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Understanding Relative and Absolute Measures of Income Inequality

The periphery had an income, a GDP per capita of $4,700 US dollars./nPurchasing power parity adjusts for price differences across countries and time./nIn 2017, the United States had an average GDP of $40,400./nThe ratio of US per capita GDP to the peripheries per capita GDP was about 8.5./nThe absolute measure of inequality is the gap in income between the periphery and the US, which was about $35,700 US dollars./nThe podcast will fast forward to 2022.

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