Economy, asked by doll2831, 1 year ago

differences between real per capita income and per capita income

Answers

Answered by Naveenjangra11
0
GDP/population = "per capita GDP."

I am stumped as to how to further simply the relationship.

There are 40 cupcakes at a party, and 13 persons only; therefore 3.07692 cupcakes per capita.

Statement to the editors of Quora: I do not agree at all with what Mr. Reshma Geekwad wrote; I am afraid that the editors are on vacation: "There is no difference between per capita and GDP per capita." That is his first sentence. He also seems to infer that because professors in India might teach GDP and GNI in their Economics curricula, that these are the "two most commonly used indices." This is an opinion and there are thousands of indices. He then goes on to mis-classify the distinctions between GDP, GNP, and GNI. Under SNA, the differences are merely means of accounting for the domestic or national product; the "I" refers to "income," which is a type of "approach" to the accounting method, the other being the expenditure approach. He made the question much more complicated than it is, and he filled in these complications with incorrect explanations! Personally, I do not like mis-information; I could not find one factually true sentence in his post.

Are answerers now responsible for the general quality of answers? I like to believe I am answering in Quora because it is a well-respected venue. Fact-based answers should especially be vetted for content. Opinion-based answers are, of course, less constricted by logical argument.

Or not. Then what will happen?: the owners of Quora will just turn ignorant writers loose on the whole process of solution-making, false answers will propagate, people will start trusting answers less and less, or at least spending too much time checking on the truth, and eventually the site will fade into oblivion, having lost it's purpose, which was, initially (basically) to come up with reasonably insights into meaningful queries.

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