“Paul spoke for humanity when he confessed, “I do not know what I am doing.””
This quote is from, No Wonder They Call Him Savior, By: Max Lucado
Paul Spoke For Humanity
Economics 101: Per Capita Real Output
[This is part of the series: The Complete Guide To Economics 101.]
What is per capita real output?
Per Capita Real Output is nothing but the Real GDP of a nation or state divided by the population of that nation or state.
Formally:
Per Capita Real Output = Real GDP / Total Population
Many consider Per Capita Real Output a better metric of growth than Real GDP because output is reported with respect to the population.