Which Came First--Democracy or Growth?
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- Which Came First--Democracy or Growth?
- Reserve Bank
- St. Louis
Students will compute real Gross Domestic Product (GDP) and GDP per capita for three fictional countries and will answer questions related to actual data on GDP and GDP per capita. The Index of Economic Freedom will be used to compare and contrast the relationship between the degree of a country’s economic freedom and the total output of that country and its standard of living.
|gross domestic product, economic growth, per capita GDP, freedom index|