7. Discuss why the nominal GDP per capita is a good measure of a countries economic well...
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Question:
7. Discuss why the nominal GDP per capita is a good measure of a countries economic well being and why it is a poor measure.
a. (5 points) Why is the nominal GDP per capita a good measure?
b. (5 points) Why is the nominal GDP per capita a poor measure?
Expert Answer:
a Why Nominal GDP per Capita is a Good Measure Overall Economic Activity Nominal GDP per capita provides a snapshot of a countrys overall economic activity by measuring the total value of goods and se... View the full answer
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