You find that real GDP per capita in Burundi is $800 while real GDP per capita in

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You find that real GDP per capita in Burundi is $800 while real GDP per capita in the United States is $50,000. What is misleading about these figures when comparing standards of living?

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 07:50 AM

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You find that real GDP per capita in Burundi is $800 while real GDP per capita in

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One must be careful when comparing real GDP per capita between countries Two reasons are 1 GD...View the full answer

Macroeconomics

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