Essay Help: Why do economists use real GDP per capita when analyzing economic growth?
Why do economists use real GDP per capita when analyzing economic growth? Visit The World Bank website (Links to an external site.)Links to an external site. (https://data.worldbank.org/country) and pick three countries to analyze. Calculate the real GDP per capita given the GDP and population data. Click on “DATABANK” (red tab under World Development Indicators) and report the GDP growth (annual %). Use the growth rate and Rule of 72 to determine how many years it will take for real GDP per capital to double. Share your thoughts about the results. (Reminder: Years to double = 72 / GDP growth)