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Real Per Capita
An economic measure that represents the inflation-adjusted income or wealth of an individual, considering the overall population, to determine living standards.
Absolute Gap
In economics, the total difference in economic indicators, such as income or wealth, between entities without considering size or proportion.
Industrially Advanced
Describes countries or regions that have highly developed industrial sectors including manufacturing, infrastructure, and technology.
Per Capita Income
The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.
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