India, with the worlds largest population of poor people created millionaires at the fastest pace in the
Question:
a. Why might real GDP per person misrepresent the standard of living of the average Indian?
b. Why might $2 a day underestimate the standard of living of the poorest Indians?
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a There are a few reasons why this measurement of real GDP per person misrepresents the standard of ...View the full answer
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Ali Khawaja
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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