Income And Poverty

As indicated by its gross national product (GNP), the United States is the most affluent country in the world. However, when we divide the capital GNP by the size of the population, the resulting figure for the United States ($26,980 in 1996) is lower than that of Japan ($39,640) and Germany ($27,510), and only slightly higher than the average for all Western European countries ($26,760) (Population Reference Bureau, 1997). Still, when the cost of living in various countries is taken into account, the United States is not surpassed by any country in the standard of living enjoyed by its citizens.

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