ESSENTIALS OF ECONOMICS
ESSENTIALS OF ECONOMICS
11th Edition
ISBN: 9781260225334
Author: SCHILLER
Publisher: RENT MCG
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Chapter 2, Problem 8QFD
To determine

Reason for the difference in per capita GDP between the U.S. and Mexico.

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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?
What is GDP per capita and why is it useful in measuring differences in living standards between different countries?
How 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?
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