WebWhat is the difference between GDP and GDP per capita quizlet? GDP is used to measure a country's standard of living when looking at a nation's income. Real GDP per capita is a measure of the average income per person. When examining a country's standard of living, real GDP per capita is considered a better measure than just real GDP. http://www.differencebetween.net/business/finance-business-2/difference-between-cpi-and-gdp-deflator/
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Web(a) If the equilibrium occurs at an output below potential GDP, then a recessionary gap exists. The policy solution to a recessionary gap is to shift the aggregate expenditure schedule up from AE 0 to AE 1, using policies like tax cuts or … Web30 Dec 2009 · Summary: 1. The GDP deflator measures a changing basket of commodities while CPI always indicates the price of a fixed representative basket. 2. GDP deflator frequently changes weights while CPI is revised very infrequently. 3. Webfull. The GDP gap is the difference between potential output at ______________ employment and the current or a given output. 17. In this example the increase in Spending GDP created an additional two million jobs, but it caused inflation to jump by ______ % . depression. australian kuka