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Per capita GDP is used to understand what?

Answer and explanation

Correct answer: Average domestic output or income per person

Per capita GDP is calculated by dividing a country’s GDP by its population. It gives an approximate average of domestic production or income available per person and is useful for comparing average economic performance across countries or time. However, it does not reveal how income is distributed among people.

Related tags

EconomicsPer Capita GdpAverage IncomeGdpWelfareGdp And WelfareNational Income And Related AggregatesClass 11 Mcq

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