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In 2 or 3 sentences, explain why real GDP per capita does not reflect the actual distribution of wealth. Rich Text Editor
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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