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The Middle income trap

2,441 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

99%
  • 5:06 / 5:08

Speech Rate:

  • 170 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

specific

/spəˈsifik/

adjective noun

clearly defined or identified. medicine or remedy effective in treating particular disease.

broadly

/ˈbrôdlē/

adverb

in general and without considering minor details.

certain

/ˈsərtn/

adjective pronoun

Referring to an unspecified amount or quantity. some.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. number expressing the central or typical value in a set of data. To add numbers then divide by the number of items.

falling

/ˈfôliNG/

adjective verb

moving from higher to lower level. To drop in amount; to decrease.

dollars

/ˈdälər/

noun other

basic monetary unit of US, Canada, Australia, and certain countries in Pacific. Basic units of money equal to 100 cent.

developed

/dəˈveləpt/

adjective verb

Grown bigger, older and more mature. To create or think of something.

standard

/ˈstandərd/

adjective noun

(Of a language) being the most accepted in a place. Official unit of measuring something.

percent

/pərˈsent/

adverb noun

by specified amount in or for every hundred. one part in every hundred.

countries

/ˈkəntrē/

noun other

particular land with own government. Areas of land that is controlled by a government.

thousand

/ˈTHouz(ə)nd/

number

Number 1,000.

nations

/ˈnāSH(ə)n/

noun other

large body of people united by common descent. Areas or regions controlled by a government and army.

developing

/dəˈveləpiNG/

adjective verb

Grown bigger, older and more mature. To create or think of something.

through

/THro͞o/

adjective adverb preposition

continuing or valid to final destination. From the beginning of something until the end. Over, in, across an entire thing or place.

general

/ˈjen(ə)rəl/

adjective noun

Widespread, normal or usual. Top ranked officer in the army.

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