Watch this video then answer the questions.You will need to understand big numbers. A million is 1000000. Sometimes we use commas to group the 0's in threes to make big numbers easier to read. So one million can be written as 1,000,000. A billion is one thousand million, or 1,000,000,000. A trillion is one thousand billion or 1,000,000,000,000.
VIDEO The richest 20% of the worlds population own 94% of the wealth.
How much do the poorest 80% own?
%
The richest 2% have more wealth than half of the rest of the worlds population. If the world's population is 7 billion, how many is half of this?
The world's total wealth is $223,000,000,000,000. ($223 trillion)
The richest 1% have 43% of this wealth.
What is 43% of $223 trillion? $
The richest 300 people on earth have the same wealth as the poorest 3,000,000,000. How many times greater is 3 billion than 300?
Rich countries give poor countries $130 billion in aid each year, but corporations take $900 billion from poor countries through "trade mis-pricing". How many times greater is the trade mis-pricing figure than the overseas aid figure? (round your answer to the nearest whole number)
Poor countries are paying rich countries $600 billion each year in debt repayments. How many times bigger than the overseas aid budget is this? (again round to the nearest whole number)
Poor countries lose another $500 billion due to unfair trade rules. How many times the overseas aid budget is this? (Round your answer to the nearest whole number)
Altogether this makes 2 trillion dollars that flows from the poor to the rich countries.How many times the overseas aid budget is this? (round your answer to the nearest whole number)