What does GDP per capita measure? Why is it not a precise measure of a typical persons

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What does GDP per capita measure? Why is it not a precise measure of a typical person’s standard of living in a country?

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

Question Posted: Dec 08, 2015 05:45 AM

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What does GDP per capita measure? Why is it not a precise measure of a typical persons

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GDP per capita measures the total output of an economy divided by its ...View the full answer

Core Macroeconomics

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