GDP per Capita | Definition, Factors, Indications, Pros, and Cons
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GDP per Capita | Definition, Factors, Indications, Pros, and Cons
Gross Domestic Product, or GDP, is the total value of all goods and services produced within a country’s borders during a period of time, usually annually. GDP per capita, or gross domestic product per capita, measures the approximate value of a country’s GDP being contributed by each member of its population. It is calculated by taking a ...
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