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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

Concerning one particular thing or kind of thing. medicine or remedy effective in treating particular disease.

broadly

/ˈbrôdlē/

adverb

in general and without considering minor details.

certain

/ˈsərtn/

adjective pronoun

sure or definite. some.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. Total of numbers divided by the number of items. To add numbers then divide by the number of items.

falling

/ˈfôliNG/

adjective verb

moving from higher to lower level. To go from standing to the ground, by accident.

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

used or accepted as normal or average. level of quality or attainment.

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

growing and becoming more mature or elaborate. To create or think of something.

through

/THro͞o/

adjective adverb preposition

From one end or side of something to the other. expressing movement into one side and out of other side of opening etc.. moving in one side and out of other side of.

general

/ˈjen(ə)rəl/

adjective noun

Widespread, normal or usual. commander of army.

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