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If population increases faster than real GDP increase, per capita real GDP drops; but if real GDP increases faster than population increase, per capital real
If population increases faster than real GDP increase, per capita real GDP drops; but if real GDP increases faster than population increase, per capital real GDP increases at the same time as population increases. Population increase is very important for a country's economic growth, it creates labor supply (which is a very important resource for any society) and potential future growth.
In your opinion, will real GDP or per capita real GDP be a better indicator in measuring well-being of a nation?
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