why per capita income is dependent on GDP rate?
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According to the World Development Indicators, the median country in the world had a year 2015 PPP GDP per capita of around 10000USD (9.2 logs). According to the estimates, at an initial income of 10000USD, the predicted effect of an increase in income inequality on transitional growth is negative.
mridul91:
where is table 4
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The purpose of this study is to analyze and forecast the growth rate of gross domestic product (GDP), i. e. of the value of all final goods and services produced in an economy
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