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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.
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What is per capita real GDP?
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What is the difference between base year and per capita GDP?
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Per capita GDP is (a). The sum of consumer goods, investment goods, government services, and net exports. (b). A dollar measure of the economic growth rate of a country. (c). The value of the factors of production used to produce output in a country. (d). The dollar value of GDP divided by total population.
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