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The United States of America is number one in this. Followed by the United Kingdom, Canada, Australia, South Africa, & Ireland.

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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 are the limitation of per capital income in evaluating marketing potential?

Per Capita Income is a measure of the amount of money that is being earned per person in a certain area. Income per capita can apply to the average per-person income for a city, region or country and is used as a means of evaluating the living conditions and quality of life in different areas. It can be calculated for a country by dividing the country's national income by its population. Because per-capita income is the overall income of a population divided by the number of people included in the population, it does not always give an accurate representation of the potential of market due to the function's inability to account for skewed data. For instance, if there is an area where 50 people are making $1 million per year and 1,000 people making $100 per year the per capita income is $47,714, but that does not give a true picture of the potential of market in this area.


What is a common result of trade barriers between countries?

Trade between countries led to exchange of ideas so that other countries will be inspired and a reliable relationship can be made.If there will be trade barriers then no country in the world would be able to give the best technology to the citizens of the country.


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.


Why is GDP per capita not always the best indicator of economic development?

It does not give information on the rich poor divide. It does not include development of infrastructure, security, social or spiritual situations, along with state matters.

Related Questions

What is the name of capita of Africa?

do you mean the country of South Africa, if so it is Pretoria, if this is not what you mean , find out which country on the continent of Africa then give us the name so we can tell you the answer.


What country was the first to give female citizens the right to vote?

New Zealand


Give away goods as a charity 50 dollar?

give away goods as a charity


Use the word liberty in a sentence?

The citizens of the country fought for their liberty and independence from oppressive rule.


Do Sikhs give their time money or both to there charity?

None, they only give banana's to charity ;)


What does social theory mean?

since citizens give up some rights to be part of a country the government must their citizens their first priority and must protect them


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 do you give freely?

You give your charity freely.


Did Taylor Lautner give to charity?

Yes taylor lautner does give to charity. Becoz he cares for others


What advice does Citizens Advice give on debt?

Citizens' Advice is a charity which provides free counseling for people with issues related to debt, money management, and a plethora of other topics. They assist people with proper money management, among other things.


Did Christians give charity?

no


How is charity collected and distributed?

when we give charity to others we get the double of it because charity is such thing that can be given and be collected.