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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.
Which of the following best explains the relationship between GDP per capita and world system theory? a. There is an uneven distribution of economic development and geographical division of labor in the world.
Per capita real GDP measures the amount of real GDP per person. 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.
Study with Quizlet and memorize flashcards containing terms like What is GDP per capita?, What does per capita mean?, What is GDP given in? and more.
Study with Quizlet and memorize flashcards containing terms like GDP per capita, Industrially advanced countries (IACs), less-developed countries (LDCs) and more.
What is the GDP per person (per capita) for a country with a GDP of 2.5 trillion and a population of 100 million?
People also ask
Which is a problem when comparing GDP per capita between countries?
What is per capita real GDP?
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What affects GDP per capita?
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