There are positive and negative consequences to using real GDP per capita in an analysis. List one positive benefit. List one negative consequence. What is a better alternative to use to measure how much a typical person makes in a country?

There are positive and negative consequences to using real GDP per capita in an analysis. List one positive benefit. List one negative consequence. What is a better alternative to use to measure how much a typical person makes in a country?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 8PA

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Question

There are positive and negative consequences to using real GDP per capita in an analysis.
1. List one positive benefit.

List one negative consequence.

What is a better alternative to use to measure how much a typical person makes in a country?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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