Economics Real Vs Nominal Gdp Questions
The difference between GDP and GVA growth rate per capita is that GDP (Gross Domestic Product) measures the total value of all goods and services produced within a country's borders, while GVA (Gross Value Added) measures the value added by each individual producer or sector in the economy. Per capita growth rate refers to the rate at which GDP or GVA per person is increasing over a specific period of time.