Acton Institute Powerblog

How to Determine if Nation is Rich or Poor

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We know that some countries around the world are rich (e.g., the United State) and others are, relatively speaking, poor (such as Mexico). But not all poor countries are equally poor. Mexico, for instance, is wealthy compared to some African countries.

Knowing how to measure such differences can help us better grasp the relative well-being of people around the globe. In this video by Marginal Revolution University, economist Alex Tabarrok provides a simple tool for comparing relative wealth between nations.

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Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).

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