How Many and What Fraction of the World's People Live

question 107

Essay

How many and what fraction of the world's people live in advanced economies? In emerging market and developing economies?

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Definitions:

Hourly Wages

Compensation or earnings calculated by the hours worked.

Variance

A measurement of the spread between numbers in a data set, indicating how much the numbers differ from the mean of the set.

Standard Deviation

A metric for assessing how much the data points differ or spread out in a collection of values.

Observations

Individual data points or recorded values from an experiment or study.