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10 October, 21:32

Why couldn't real GDP or GDP per capita be used for the same purpose?

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  1. 10 October, 22:02
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    GDP is gross domestic product, the total economic output of a country, i. e., the amount of money a country makes. GDP per capita is the total output divided by the number of people in the population, so you can get a figure of the average output of each person, i. e., the average amount of money each person makes.
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