Real GDP per person in rich countries, such as Germany, is sometimes more than 10 times that of poor countries like India.

Question

Quizplus · Accepted Answer

Real GDP per person, which adjusts for price level differences across countries and is a measure of the average economic output per person, is significantly higher in rich countries like Germany compared to poorer countries like India. This reflects differences in economic development, productivity, and standards of living.

Real GDP Per Person in Rich Countries, Such as Germany