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A Level Economics Economics Per Capita Gdp
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John Smith
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Kenneth Miller
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Economics Per Capita Gdp Principles Of Economics: Macroeconomics Principles Of Economics: Microeconomics
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Steven Ramirez
56 terms
Economics Per Capita Gdp Principles Of Economics: Macroeconomics
Econ 101 midterm 3 97 terms
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Noel Macdonald
97 terms
AP Human Geography Economics Per Capita Gdp
APHG9: Economic Growth Flashcards 54 terms
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Kelly Fisher
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International Economics Per Capita Gdp
Economics Test: Unit 2 – Flashcards 48 terms
David Dunn avatar
David Dunn
48 terms
Final Goods And Services Net Domestic Product Per Capita Gdp Principles Of Economics: Macroeconomics Principles Of Economics: Microeconomics
Econ 204 – Flashcards 139 terms
Maisie Clarke avatar
Maisie Clarke
139 terms
In 2011, Finland had a GDP of $195 billion and a per capita GDP of $36,000. Life expectancy was about 79 years. Which of these additional factors would most support the conclusion that Finland has a developed rather than an emerging economy?
Finland has a free-market economy.
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How do we compare per capita GDP between two nations?
Convert to common currency using an exchange rate- Set it up like moles and convert Example 1Dollar=3ESD Dollar Amount *(3 ESd/ 1Dollar) Flaws- This does account for 1.Non Tradable goods ( do not flow across borders) 2.Not represent Purchasing Power 3. Supply and Demand unaccounted
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Per capita GDP decreases when:
taxes increase
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Why is per capita GDP a better measure of development than a nations overall GDP
Per capita GDP shows how much of the nations product is being created per person rather than the total production of the country
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Refer to the above table. Per capita GDP was about:
$303 in year 3 in Zorn.
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per capita GDP is
GDP divided by total population
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(Consider This) North Korea’s command economy: Correct A. is one of the few remaining command economies. B. has grown much faster than South Korea’s economy since the two countries were divided after World War II. C. produces a per capita GDP of nearly $25,000. D. has undergone significant market reforms and is now one of the fastest-growing economies.
A. is one of the few remaining command economies.
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8) Per capita GDP is a good indicator of all but which of the following? A) the approximate level of material well being in a country B) the number of countries below the poverty level C) the distribution of wealth within a country D) the spatial distribution of global wealth E) potential for providing all citizens with a comfortable life
C
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