Comment on the following statement: The level and growth rate of real GDP per capita can be a misleading indicator of development

At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed.

Open-ended essay.

Economics

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The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The cost of the CPI market basket in 2011 is

A) $64.00. B) $3.50. C) $52.00. D) $5.00. E) $100.

Economics

The poor have demonstrated a marked ability to move out of poverty when economic opportunities improved

Indicate whether the statement is true or false

Economics