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- UID
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- 280
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- 2011-7-11
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- 2014-8-6
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per capita GDP goes up, that simple.
Let’s say your real GDP is growing at 3% annually, and your population growth is also 3%. After 5 years, the per capita GDP will be teh same as it is today. But if your population growth shrinks to 2%, you will have a much higher per capita GDP. They are not talking about overall economic growth, rather a relative measure of it. |
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