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Flashcards in Measuring Development - Economic Deck (6)
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1

What is GDP a measure of?

Wealth

2

What happens to the GDP as a country develops?

It gets higher

3

What is GDP per capita?

GDP divided by total population

4

What is GDP per capita a measure of?

Wealth

5

What happens to GDP per capita as a country develops?

It gets higher

6

What is GDP?

The total value of goods and services a country produces in a year