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per capita real GDP


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A country's real gross domestic product per member of the population. This may be calculated using the total population, adults only, or ‘adult equivalents’, giving children of various ages weights equal to a fraction of an adult. Per capita real GDP is lower than per capita income in a country with net external assets which yield an income, and greater than per capita income in a country with a lot of inward investment, so that net property income payments have to be made abroad.

Subjects: Economics.


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