The following posters illustrate some basic facts about the U.S. economy: how rich is the United States?, what is the distribution of income in the United States?, and what does the Gross Domestic Product (GDP) really measure? All of the economic data is available in public sources on the Internet.
How Much Do You Earn?
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People talk about the average family income in the U.S. (around $50,000-a-year), referring to the mean income in the United States. But in political discussions that average family often becomes the “typical American family” (especially during election years). As you can see from my poster illustrating the distribution of income in 2000, when it comes to annual income there is no such thing as a typical family. Data is from the Census Bureau, IRS and Congressional Budget Office View poster details Download poster [0.2 MB] Buy this poster $18.99 at Cafepress |
How Rich is the United States?
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The United Status is a rich country but how rich is it? What you will commonly see presented is a bar graph showing the top ten countries by GDP. I took a different approach by creating a graph showing the top five countries in each region in the world. While the top ten countries are represented, you can compare them to their neighbors. This layout will include countries from poorer regions of the world in contrast to the wealthier ones. I also added each country’s population since one country may have a greater GDP than another but because of its greater population that country’s citizens are much poorer. The data is from the CIA and The World Bank. Download poster [1.1 MB] Buy this poster $18.99 at Cafepress |
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What is GDP? You hear it discussed in the news but the definition given is rarely more detailed than measuring the goods and services produced in a country. In this poster, I tackled this question by looking at the GDP of the U.S. broken out into different industries: agriculture, manufacture, construction etc… I felt this was an intuitive way to look at a country’s GDP. At the same time, I talk about different methodologies for measuring the GDP. The data is from the Bureau of Economics Analysis and The World Bank. Download poster [0.5 MB] Buy this poster $18.99 at Cafepress |
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