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Does Per Capita GDP Matter?

Does Per Capita GDP Matter?

There are various ways of measuring the level of a country’s development.  Choosing the right methodology for quantifying economic status is critical for thinking about the problem of poverty effectively.  On a macroeconomic level, the most common indicator is per capita GDP.  But I am not sure if per capita GDP is really a good measuring stick for the relative prosperity of a country. This thinking stemmed from a conversation I had this afternoon over lunch comparing Ghana, where I…

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