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- Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)What is the size of the underground economy as a percentage of GDP?Per capita GDP measures?
- What is GDP per capita and why is it useful in measuring differences in living standards between different countries?Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?Why is GDP per capita is not the same as Economic well-being?