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how would you describe the relationship between property rights and
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- What is GDP per capita? What for do we use GDP per capita?What is GDP per capita and why is it useful in measuring differences in living standards between different countries?What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?
- What is the current real GDP per person in South Africa? How has this changed over the past 10 years?Per capita GDP measures?The International Property Right Index scores countries based on the legal and political environment and how well property rights are protected. Go online and find a recent ranking. Choose three countries with high scores and three countries with low scores. Then find estimates of GDP per person in each of these six countries. What pattern do you find? Give two possible interpretations of the pattern.
- Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?Why is income per person so much higher in some countries than others?Per capita GDP is used to measure a country's standard of living. What other economic factors impact the day-to-day life of citizens in a country?
- Is there a better way to classify a country other than the use of GDP and per capita? ExplainHow many times greater was the GDP in 2004 than in 1950? By how many times did the GPI increase between 1950 and 2004? What does this comparison tell you?Why is average GDP per capita used In measuring standard of living for individuals in the economy?