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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 ...
GDP per capita. This is one of the indicators of country's economic health, which takes the gross domestic product (GDP) and divides it by the number of people in the country. Developing Countries. These are countries with low standards of living and a low industrial capacity.
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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.
Terms in this set (76) Gross Domestic Product (GDP) _________ ______ _______ is the he market value of all final goods and services produced within a nation during a given period of time. GDP per Capita. ______ _____ ___ is GDP / Population. What does GDP per Capita measure?
Average GDP per person is (a). Also known as GDP. (b). Also known as per capita GDP. (c). The value of the factors of production used to produce output in a country. (d). A measure of the economic growth rate of a country.
Laos. 2,127. East Timor. 2,368. Study with Quizlet and memorize flashcards containing terms like Country, China, Japan and more.
