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The World Bank projects that the world's population will increase from 7 billion today to 8 billion in 2025. World output today is roughly $80 trillion.
a. What is global per capita income today?
b. What will per capita income be in 2025 if the world's economy doesn't grow?
c. By what percentage must the world economy grow by 2025 to maintain current living standards?
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After reflecting on what you have learned and how you have benefited by taking Hotel Management and Operations, write a minimum 1-2 page (not including the title and reference pages) response to the questions below.
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