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GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
In development economics, the middle income trap is a situation where a country has developed until GDP per capita has reached a middle level of income, but the country does not develop further and it does not attain high income country status. [1]
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
Trump muses on creating 'Gulf of America' and seizing Panama Canal. As he discussed his desire for U.S. control of Greenland and the Panama Canal, Trump mused on changing the name of the Gulf of ...
How much do you know about President Martin Van Buren? Chances are, not much. The eighth president of the United States, who served from 1837 - 1841, does not usually get Mount Rushmore-level ...
The 2026 ICC Men's T20 World Cup qualification is an ongoing process by which teams will qualify for the 2026 Men's T20 World Cup. [1] A series of regional qualification tournaments will determine the teams which will take part in the tournament.
A hospital claimed it didn't have the "capacity" to care for a mom in labor, which caused her baby to die of infection at 35 hours old, a lawsuit alleges
Indonesia's foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows. Indonesia's received 654.4 trillion rupiah worth of FDI last year, or equivalent to $45.6 billion in the investment ministry's official calculation, which assumes an exchange rate of 14,350 to the dollar.