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Differentiate between GDP and per capital income |
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Answer» \tGDP is a measure of a nation\'\xads economic health while Per capita income\xa0takes into account the reflection of such economic health into an individual citizenÃ\xads perspective.\tGDP measures the nationÃ\xads wealth while Per capita Income\xa0roughly determines the standard of living in a particular country.\tGDP normally increase as the population increase while Per Capita Income\xa0may decrease when population increases.\xa0 Of a certain country The cash value of total production is GDP ... And per capita income=total production divided by total population |
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