Economics Real Vs Nominal Gdp Questions
The difference between GDP (Gross Domestic Product) and GDI (Gross Domestic Income) growth rate per capita is that GDP measures the total value of goods and services produced within a country's borders, while GDI measures the total income earned by individuals and businesses within a country. GDP growth rate per capita focuses on the increase in the value of goods and services produced per person, while GDI growth rate per capita focuses on the increase in income earned per person.