3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the level of development. What is GDP and real per capita GDP? What are some of the problems with this indicator for measuring development? Why is it still so commonly used?
3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the level of development. What is GDP and real per capita GDP? What are some of the problems with this indicator for measuring development? Why is it still so commonly used?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 8SCQ: Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for...
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level of development. What is GDP and real per capita GDP? What are some of the problems with this
indicator for measuring development? Why is it still so commonly used?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F05741907-570b-4826-a4b9-2992905d0234%2Fc745a21f-3f7f-4a18-902b-56fd5ae0e132%2F8fzrkb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. What is development? Sustainable development? We often use real per capita GDP as a proxy for the
level of development. What is GDP and real per capita GDP? What are some of the problems with this
indicator for measuring development? Why is it still so commonly used?
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