View the step-by-step solution to:

People often argue that the level and growth rate of real GDP per capita can be a misleading indicator of development.

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?

Top Answer

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

Sign up to view the full answer

Other Answers

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

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online