Explain why it is important to know the per capita GDP along with GDP itself?
I'm kinda confused about the whole situation with GDP itself and why is it important to know about it.
Answers
Anjaree
GDP DOES NOT COME FROM THE SKY. PEOPLE HAVE TO WORK FOR IT. SO MORE PEOPLE SHOULD HAVE MORE GDP. SO HOW ABOUT THE SMALL COUNTRY IT HAS WORKED SO WELL. SO WE SHOULD COMPARE PRODUCTIVITY TO SAY ANYTHING TO THE POLICYMAKERS.
Anonymous
GDP is a fake statistic in a country that is substantially based on a service economy as it is the same money going round and round , if everyone in your family regularly paid everyone else in the family , the overall wealth of the family would not increase but the money transferring would be high
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