Need help economics quesiton?
if real GDP is growing slowly, but the population is growing quickly, what might a measure of real GDP per capita show about economic growth?
More Questions From This User See All
Answers & Comments
Verified answer
Real GDP per capita refers to Real GDP per person.
if the population grows faster than real gdp, then it means each person earns less than he used to since the resources are shared by more. This signifies a decline in real gdp per capita and slow economic growth.
Per capita GDP will quickly decline.