GDP Flashcards
1
Q
Outline what is meant by GDP per capita
A
GDP per capita is a measure of a countries economic output that accounts for its number of people.
2
Q
Explain how GDP per capita is calculated
A
Real GDP divided by population
3
Q
Discuss how GDP per capita is used as a measure of economic performance
A
Because it shows how much one person in a country on average earns.
