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  2. Study with Quizlet and memorize flashcards containing terms like Per capita real GDP measures the amount of real GDP, The adjustment in exchange rate conversions that takes into account differences in the true cost of living across countries is known as purchasing power parity., Disposable personal income refers to the income used by households for all purchases of nondurable goods during a ...

  3. Test. Match. Q-Chat. Created by. laurenbuscher25. Terms in this set (137) What is the GDP per person (per capita) for a country with a GDP of 2.5 trillion and a population of 100 million? 25,000 (2.5 trillion divided by 100 million) What is the GDP per person for a country with a GDP of 6 trillion and a population of 960 million?

  4. Additionally smaller countries tend to have a higher gdp per capita due to the fact larger countries are averaging more people. Study with Quizlet and memorize flashcards containing terms like GDP per capita definition, difference between real gdp/nominal, strength of GDP per capita and more.

  5. Term. Table: Growth Rates and Real GDP per Capita. Country A Country B Country C Country D. Real GDP per capita $5,000 $10,000 $15,000 $20,000. Economic growth rate 7% 6% 3% 2%.

  6. Real GDP growth rate = (most recent year's real GDP - the previous year's real GDP) / the previous year's real GDP. Per capita GDP is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country.

  7. GDP per capita = $3,834. 2b. explain why the GDP per capita for the ASEAN trade bloc may be a misleading statistic. - the data isn't evenly distributed, with wide variations from country to country, eg, only three countries have GDP per capita above the ASEAN mean.

  8. the amount of GDP available to each person in a country. per capita GDP. the amount of GDP available to each person in a country

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