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26 October, 04:23

What are GDP and GDP per capíta? How are they different?

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  1. 26 October, 07:08
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    Gdp is the total value if goods produced and services provided within a country s border. Pci is common indicator of development which shows average income status of people per year.

    Explanation:

    pci = gni / total population

    gdp exclude foreign income but gni includes foreign income like remittance.

    And pci alone doesn't represent the income status of particular person. Because it is average finding
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