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The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.

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What is the difference between GDP real GDP and per capita GDP?

GDP: gross domestic product; basically how much money taken by the country from within itself. Real GDP: * definition waiting. Per capita GDP: The GDP divided by the population. A good estimate of how much each person makes - a larger population with a fairly large GDP might appear to be better off, but a lower per capita GDP indicates that it is not as good as a smalller country with higher per capita GDP.


How do low income countries today differ from developed countries in their earlier stages?

physical and human resources endowments, per capita incomes and levels of GSP in relation to the rest of the world, climate, population size distribution and growth, historic role of international migration, international trade benefits, basic scientific and technological research development capacities and efficacy of domestic institutions.


What are factors affecting per capita demand?

Per capita demand is influenced by several factors, including income levels, population size, and consumption preferences. Higher income typically leads to increased demand for goods and services, while population growth can raise overall demand. Additionally, cultural and social trends, technological advancements, and price levels can significantly shape individual consumption patterns. Economic conditions, such as inflation and employment rates, also play a crucial role in determining per capita demand.


Are there different levels of economy?

Normally an economy of a country is defined as either developed or developing. This classification is based on GDP per capita(mostly) and some other measures(such as HDI)


Can low level of living exist simultaneously with high levels of per capita income explain and give some example?

Yes, that describes Portsmouth, Ohio in the 1980's.

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In a recent year GDP per capita in the US was much higher than GDP per capita in France why would there be such a large difference in GDP per capita between two rich leader countries?

The difference in GDP per capita between the US and France can be attributed to several factors, including variations in labor market dynamics, productivity levels, and the structure of their economies. The US typically has a more dynamic and flexible labor market, which can lead to higher levels of employment and productivity. Additionally, the US economy is heavily driven by technology and innovation, contributing to higher income levels. In contrast, France has a more extensive social safety net and higher taxation, which can affect overall income levels and GDP per capita.


Will the difference between IQ levels of 150 and 155 be similar to difference between IQ levels of 95 and 100?

Difference between IQ levels of 150 and 155 will be similar to differences between IQ levels of 95 and 100


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What is the difference between the range of hemoglobin levels in male and female human beings?

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What is the energy difference between the 1st and 3rd energy levels in the hydrogen atom?

The energy difference between the 1st and 3rd energy levels in a hydrogen atom is greater than the energy difference between adjacent levels. This energy difference can be calculated using the Rydberg formula or the Bohr model equation for energy levels in hydrogen.


Why is there a difference in hematocrit levels between males and females?

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Electrons can only absorb photons that have energy equal to the energy difference between two allowed energy levels in the atom or molecule.


Is contrast the difference between black and white video levels?

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Which condition will release more energy when an electron changes levels?

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What statement is best supported by the data in the map and table?

The statement best supported by the data in the map and table is that there is a significant disparity in income levels between different states in the United States. This is evident from the variation in median household incomes across states, with some states having much higher incomes than others.