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> From 1957 to 2017, per capita GDP in China grew from $68.24 to $8830.17. That's over a thousand times more productive. 8830/68 = 130, not 1000. And is that
by tasty_freeze 8y ago
> From 1957 to 2017, per capita GDP in China grew from $68.24 to $8830.17. That's over a thousand times more productive.
8830/68 = 130, not 1000. And is that $68 in 2018 dollars or 1957 dollars?
- michaelmrose 8y agoGoing on the likely answer that its in 1957 dollars that is $595 in 2017 dollars. Instead of being 1000x more productive its 15x more productive in 60 years. In the same time frame the US increased per capita GDP by 6x for reference.
- beat 8y agoY'know, instead of "likely answer", you could fact-check it.
- beat 8y ago2018 dollars. The vast majority of China in the 1950s and earlier lived in extreme poverty. Also, I realize I meant a thousand percent, not a thousand times. My bad on that one. China is merely 130 times more productive (in 2018 dollars) than they were 60 years ago. Which I don't think disproves my point.