A benefit of using GDP per capita instead of GDP is that GDP: takes into account the size of the population when measuring the v

Question

riadik2000 [5.3K]

3 years ago

8

A benefit of using GDP per capita instead of GDP is that GDP: takes into account the size of the population when measuring the v

alue of the goods and services a country produces. takes into account the differences in wealth between the rich and poor within a country. takes into account the environmental benefits or harm of economic activity. measures the effects of outliers skewing averages.

Business

1 answer:

sweet [91] · Answer 1 · 2022-06-23T12:25:53+03:00

Answer:

It takes population size into account when measuring the value of goods and services.

Explanation:

GDP per capita is gross domestic product divided by the total population of a given economy. Thus, unlike the GDP-only measure, which measures the absolute value of domestic production, per capita GDP assesses how much a country's economy is growing per individual, that is, it shows the evolution of production per person.