How Many People Are There in the World in 2019?
How Many People Are There in the World in 2019? The world population was estimated to have reached 7.7 billion people as of April 2019. Image: Visual Capitalist Click the Image to Enlarge
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Why Potential GDP Has Been Cut in Half Since the 1950’s?
Why Potential GDP Has Been Cut in Half Since the 1950’s? The main reason is a lower productivity than previous business cycles, due to: – lower population growth – the service sector is growing faster than the industry sector – lower quality jobs in the service sector have a lower productivity than in the industrial…