CrystalKit
CrystalKit CrystalKit
  • 23-06-2019
  • Social Studies
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What are GDP and GDP per capíta? How are they different?

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prithak44
prithak44 prithak44
  • 24-06-2019

Answer:

Gdp is the total value if goods produced and services provided within a country s border. Pci is common indicator of development which shows average income status of people per year.

Explanation:

pci = gni/ total population

gdp exclude foreign income but gni includes foreign income like remittance .

And pci alone doesn't represent the income status of particular person . Because it is average finding

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