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Q: In 2 or 3 sentences, explain why real GDP per capita does not reflect the actual distribution of wealth. Rich Text Editor
A: GDP per capita does not differentiate between economic output that actually benefits the population and economic deficits in a country, such as, expenses for warfare, pollution-producing industries, etc. [ It does not include unreported activities such as illegal trading or black-market labor. ]
Expert answered|MrG|Points 2400|
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Asked 1/15/2013 12:47:04 PM
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