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Economics 101: Per Capita Real Output | SterlingTerrell.net

Economics 101: Per Capita Real Output


What is per capita real output?

Per Capita Real Output is nothing but the Real GDP of a nation or state divided by the population of that nation or state.

Formally:

Per Capita Real Output = Real GDP / Total Population

Many consider Per Capita Real Output a better metric of growth than Real GDP because output is reported with respect to the population.