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Italy has a high literacy rate and the location is great so the GDP is high

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13y ago

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What does GDP per capita per person stand for?

Gross Domestic Product per capita. Basically it's how much each person earns in a country.


What is the difference between GDP and GNP per capita?

Per capita GDP is GDP per person - total for the country divided on the number of people living there.


What per capita GNP?

The GNP (Gross National Product) per capita of a country shows the average value of goods and services produced by each person each year. This is then divided by the total population to get an average earnings per person.


Is Tanzania a developing country?

cause it is not very habited nd lots of forests nd wildlife dats y


How the per capita income of a country is measured?

Per capita income is the income a person living in a country would hypothetically make if all the country's wealth was divided equally among each individual. This value is determined by taking the total personal income of the population (determined by census and estimation) and dividing by the total population.


What is a capita?

The word capita means for each head or by heads. This is a term that is commonly used in measuring GDP using per capita income.


What does the per capita GDP measure?

The Per Capita is measured by the average income. Each year it is measured.


How do National Income and per capita income serve as indicators of development?

As it show the income of each person of a country by taking the national income into consideration


What is mean by per capital income?

Per capita income means how much each individual receives, in monetary terms. It is the measure of the amount of money that each person earns in the country, of the yearly income generated in the country. This is what each citizen is to receive if the yearly national income is divided equally among everyone. Per capita income is usually reported in units of currency per year. When comparing nations per capita income reflects gross national product per person, but it is also used to compare municipalities within nations. When determining the per capita income of a community, the total personal income is divided by the population.


What is the difference between GDP and GDP per capita, and how do they each contribute to measuring a country's economic performance?

Gross Domestic Product (GDP) measures the total economic output of a country, while GDP per capita divides this total output by the population to give an average income per person. GDP reflects the overall economic size of a country, while GDP per capita provides a more accurate picture of individual prosperity. Both indicators are important for assessing a country's economic performance, with GDP showing the overall economic activity and GDP per capita indicating the average standard of living.


What is the meaning of the word capita?

Capita is from Latin and means "head". The phrase "per capita" literally means "for each head" and is used to measure things in relation to a population. For example, income per capita is a phrase frequently used.


The average amount of something for each person.?

Per capita