anotherone18's comments

On: Can We Have Prosperity Without Growth?

[anotherone18]

Source for the 1%?

World bank data seems to differ:

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...

[ben_w → anotherone18]

I believe OP is saying the difference is equal to, not that the difference is caused by.

USA GDP PPP per capita in 2018 according to the IMF: $62606

Mexico, ditto: $20602

20602×1.01^100 = 55724.6

The difference is closer to 1.1177% compounded over a century, but I wouldn’t quibble over the extra digits when most news reports of economic growth are rounded to the nearest 0.25%.

[merpnderp → ben_w]

Thanks, that’s indeed what I meant. It was an example of why growth matters.