Per capita income (or output) is the general measure used to compare the standards of living between

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Per capita income (or output) is the general measure used to compare the standards of living between countries. If a country’s population growth is higher than its economic growth, what happens to per capita income? What are some of the limitations to using per capita income as a measure to compare the well-being of different countries?
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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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