GDP Per Capita: Difference between revisions
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=Definitions and Statistics= | |||
*US is around $63k [https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita] | *US is around $63k [https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita] | ||
*Note that wages are just a part of Per Capita Income - for the US it is about $30k/person | |||
*Gross National Income - is GDP + factor incomes [https://en.wikipedia.org/wiki/Gross_national_income] | |||
=Empoyment as function of GDP= | |||
*Per capita income is national income divided by population [https://en.wikipedia.org/wiki/Per_capita_income] | |||
*National income is GDP + salary + rent + profit. [https://en.wikipedia.org/wiki/Gross_national_income] | |||
*Per capita income is thus >> salary. | |||
*Average us salary is $31k. [https://www.google.com/search?sxsrf=ALeKk026QG9BbsZl0rNsBS9KmerMgczY_w%3A1602863734253&source=hp&ei=dsKJX6q8DJDYsAXHkpG4Cw&q=average+us+salary&btnK=Google+Search&oq=how+to+configure+nvidia+geforce+gtx+1650+super+on+linux+mint&gs_lcp=CgZwc3ktYWIQAzIFCCEQoAEyBQghEKsCMgUIIRCrAjoOCAAQ6gIQtAIQmgEQ5QI6DgguELEDEMcBEKMCEJMCOggILhDHARCvAToLCC4QsQMQxwEQowI6CAgAELEDEIMBOggILhCxAxCDAToFCAAQsQM6AggAOgQIABAKOgYIABAWEB46CAghEBYQHRAeOgcIIRAKEKABUMsQWOmzAWD8tAFoBnAAeACAAeQGiAGhS5IBDTExLjQ3LjMuMi42LTGYAQCgAQGqAQdnd3Mtd2l6sAEG&sclient=psy-ab&ved=0ahUKEwiqz4DcvLnsAhUQLKwKHUdJBLcQ4dUDCAk&uact=5] | |||
*Lower, mid, upper income - per person is about <30 for lower, >80 for upper. | |||
*Average houshold (2.2) is 68k - so this checks out with average income. | |||
*Distribution - shocking that 10% are above 200k! That's a lot of wealth at the top, skewing median to a much higher mean. | |||
[[File:usincomedist.png|500px]] - 2019, source [https://fas.org/sgp/crs/misc/R44705.pdf] | |||
*Maysville, Missouri, statistics - [https://en.wikipedia.org/wiki/Maysville,_Missouri] | |||
Latest revision as of 16:37, 9 March 2021
Definitions and Statistics
- US is around $63k [1]
- Note that wages are just a part of Per Capita Income - for the US it is about $30k/person
- Gross National Income - is GDP + factor incomes [2]
Empoyment as function of GDP
- Per capita income is national income divided by population [3]
- National income is GDP + salary + rent + profit. [4]
- Per capita income is thus >> salary.
- Average us salary is $31k. [5]
- Lower, mid, upper income - per person is about <30 for lower, >80 for upper.
- Average houshold (2.2) is 68k - so this checks out with average income.
- Distribution - shocking that 10% are above 200k! That's a lot of wealth at the top, skewing median to a much higher mean.
- 2019, source [6]
- Maysville, Missouri, statistics - [7]