Question: The World Bank projects that the world's population will increase from 7 billion today to 8 billion in 2025. World output today is roughly $80

The World Bank projects that the world's population will increase from 7 billion today to 8 billion in 2025. World output today is roughly $80 trillion.

a. What is global per capita income today?

$11,429 right

b. What will per capita income be in 2025 if the world's economy doesn't grow?

$10,000 right

c. By what percentage must the world economy grow by 2025 to maintain current living standards?

12.50(wrong answer)

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