There are 6.7 billion people on earth, and the global economy is now measured in the tens of trillions of dollars each year. Worldwide, what is the average income per person?
A. $1,700 B. $7,000 C. $18,500 D. $35,000
B. $7,000 is correct. The world's average income - total world income divided by total number of people - is about $7,000. Still, only about 19 percent of the world's population lives in countries with per capita incomes at least this high.
Countries with an average income near $7,000 include Mexico, Chile, and Latvia. They rank about 40th in the global income table.
As of 2005, people living in rich countries had an average income of about $35,000. The high incomes in these countries make the world average income four times larger than the world median income, which was $1,700 that year.
The Globalist Quiz is produced by The Globalist, a Washington- based research organization that promotes awareness of world affairs. © 2007 The Globalist, theglobalist.com.