Real GDP per capita
What Real GDP per capita means in Economics A-Level, as defined for AQA.
Definitions of Real GDP per capita
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Reference: AQA
A standard measure used to assess changes in average living standards over time, accounting for population growth.
A figure used as a proxy for comparative material living standards across different nations.
Real GDP divided by the population, used to estimate average living standards.
Topics that use Real GDP per capita
- Macroeconomic indicators (AQA A-Level)
- Uses of national income data (AQA A-Level)
Related terms
- Balance of payments on current account
- Income distribution
- International comparisons
- Living standards
- Negative externalities
- Purchasing Power Parity
- Purchasing power parity (PPP) exchange rates
- CPI and RPI
Using Real GDP per capita in the exam
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