1. People often argue that the level and growth rate of real GDP per capita can be a misleading indicator of development. Yet, at the same time, countries that experience sustained increases in real GDP per capita over time, due to growth rate, will tend to be more developed. How do you explain this?
The reason is that, most developed countries have a key interest in the extraction of the value of the GDP,they account for... View the full answer
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As we know real GDP showing GDP adjusted of inflation and so real GDP per capita is the real GDP divided by population. So... View the full answer