Question
1) Why is it important to distinguish GDP from GDP per capita when comparing countries wealth and standard of living? Do you think GDP per
1) Why is it important to distinguish GDP from GDP per capita when comparing countries wealth and standard of living? Do you think GDP per capita accurately expresses economic well-being?
2. What are some of the problems economically-challenged countries face in terms of economic growth? How might this be improved ?
3) Do you think investment in human capital or physical capital is more important to a developing nation? Does this depend on the country, or would your answer remain consistent "across the board"?
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
