In 2013, Per Capita Real GDP Was Roughly Half Its

question 124

True/False

In 2013, per capita real GDP was roughly half its value in 1960.

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Definitions:

Income Inequality

Income inequality describes the extent to which income is distributed unevenly among a population.

Unequally Distributed

Refers to an unequal allocation or distribution of resources, wealth, or opportunities among different individuals or groups.

Income Inequality

Inequitable apportionment of income among household or personal entities within an economic framework.

Highly Skilled Workers

Individuals with advanced qualifications, experience, and skills in their respective fields, making them critically important for industry innovation and competitiveness.