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increased GDP --> higher living standards --> less unemployment --> more people want to move in country --> more sales for company because of the high rate of spending and high rate of employment
Ah, thanks a lot! Just one quick question: how come a rise in GDP automatically means an increase in incomes?
Because a rise in GDP will also cause a rise in GDP per capita, which also means the income, provided there isn't inequality of course, but that isn't a point you need to be aware of in business so no worries, all you need to know is that more GDP will be layed out to the population which basically means higher income. Please correct me if I'm wrong and best of luck to all
Thanks guys. I understand economic growth much better now!bt GDP per capita depends on population too but yes the above point is correct
That's exactly what I said.. Read again, thanks anywaybt GDP per capita depends on population too but yes the above point is correct
you havent mentioned bout population growth just about inequalityThat's exactly what I said.. Read again, thanks anyway
Well, I did mention something about more GDP being divided for the population, and a point such as an increase in population would result in a decrease for GDP per capita is just common sense really, but I guess I should've mentioned that specific point, loving the teamwork !
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