WHAT IS MEANT BY PER CAPITA OUTPUT GROWTH?
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When we measure the total output of the country that takes the GDP and divides it by the number of people in the country, we can get per capita output growth. It is useful when we want to compare one country from the other and also their performances.
When we measure the total output of the country that takes the GDP and divides it by the number of people in the country, we can get per capita output growth. It is useful when we want to compare one country from the other and also their performances.
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