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GDP per Capita

mechanism stub

Aggregate economic growth can overstate improvements in living standards when population is also growing rapidly; per-person growth is the more revealing measure.

Episodes that teach this

  • How India Built it's Economy After Independence | Future IQ · explained at 6:24 192 views
    our population grew by an average of 2% per year which means that our real growth was just 1 to 1.5%.
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