Illustrate what way is per capita gdp a better measure

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1. In what specific ways (if any) does a college education increase a worker's productivity? Take some special care with this problem.

2. In illustrate what way is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world?

3. Is limitless growth possible? Justify your answer thoroughly.

4. If GDP is increasing by 3% per year how long will it take GDP to double?

5. Given the same conditions in Problem 4, how long will it take Per Capita GDP to double if the population grows at 2%?

Reference no: EM1353089

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