Economics Real Vs Nominal Gdp Questions
GDP (Gross Domestic Product) per capita measures the average economic output per person in a country, while GVA (Gross Value Added) per capita measures the value added by each individual or sector in the production process. The difference between GDP and GVA per capita growth rate per capita lies in the way they calculate economic growth. GDP per capita growth rate per capita measures the overall growth in economic output per person, while GVA per capita growth rate per capita focuses on the growth in value added by each individual or sector.