GDP alone does not effectively compare national living levels and per capita GDP takes into account population.
GDP estimates the monetary worth of final products and services (those purchased by the ultimate user) generated in a country over a certain time period (say a quarter or a year). It includes all the product produced inside the borders of country's .
Per capita GDP takes into account both the country's GDP and its population. Per capita GDP deconstructs a country's economic production per person and is computed by dividing a country's GDP by its population, allowing for a more accurate comparison of living standards across nations.
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