help, pls!!! can anyone help with this??? world annual income?

Question

what is the world annual income?

i am using the figure of US$75 trillion, based on sprout and weaver, kyklos, v45, 1992, international distribution of income, 1960-1987, p238-256 - which gives world annual income 1987 $25 trillion - at the 6% global inflation figure they give, that would become $75 tn in 2006 - US$75,000 per family av

but if you start with 1987 US$25 tn, and add the actual global inflation figures since then - 15,15,15,30,30,30,30,30,8,8,8,8,8,4,4,4,4% - you arrive at a figure of $275 tn - making the world av ann family income around $275,000

i hav seen figures of $36 tn and $60 tn for 2004

are the ptb giving us understatements of world icnome and pocketing the rest???????

US$275 tn would yield world av /hr rates around US$50 [if we pay all homemakers and tertiary students also, which in justice/nontheft we should]

are there secret trillionaires?

Answer 1

The Global Inflation figures you give like 15% and 30% in some years are hugely distorted by very high inflation in a handful of countries (Brazil, Turkey etc).

If you start by measuring global income in dollars at purchasing power parity in 1987, you then need to use a DOLLAR measure of inflation, not a global average inflation to update them to 2005.

Answer 2

ya. i am there