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Economics glossary · The macroeconomy

Per capita

What per capita means in economics, as one of three adjustments turn GDP into a fair comparison, with an example and a question to test yourself.

Definition
Per capita
A per capita figure is a national total divided by the population: the average for each person.
Example

Can you think of an example of per capita?

Test yourself

Can you name the three adjustments that take a country's GDP to a figure fit for comparing living standards?

Learn it properly: the module

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