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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 a general (not detailed) manner.

certain

/ˈsərtn/

adjective pronoun

Definite, fixed. some.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. Total of numbers divided by the number of items. amount to or achieve as average rate or amount over period of time.

falling

/ˈfôliNG/

adjective verb

moving from higher to lower level. To come down from a higher position suddenly.

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 make a photograph from film.

standard

/ˈstandərd/

adjective noun

used or accepted as normal or average. Principle of behaving in a moral way.

percent

/pərˈsent/

adverb noun

One one-hundredth of a whole; the symbol %. 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 equivalent to product of hundred and ten.

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

growing and becoming more mature or elaborate. To grow bigger, more complex, or more advanced.

through

/THro͞o/

adjective adverb preposition

From one end or side of something to the other. From the beginning of something until the end. Allowing you to pass between, or to.

general

/ˈjen(ə)rəl/

adjective noun

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

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