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Teaching Since: | Apr 2017 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Kindly help me with the following questions:
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1)Â Â Â Â Â Discuss whether a high per capita Real GDP in a country necessarily mean that people enjoy a high quality of life as well.
2)Â Â Â Â Â Explain clearly 3 limitations of using Real GDP per capita as a measure for comparing living standards between countries.
3)     Explain why economists do not use nominal GDP figures when comparing a country’s GDP over time.
4)Â Â Â Â Â Explain clearly why the Real GDP per capita statistic is not a perfect measure of living standards of people in different countries in the world.
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