Monday, October 6, 2014

One thing about economists........

But consider countries like Qatar and Switzerland.  The GDP of such places is not remarkable, but their GDP per capita is enormous - significantly higher than the likes of the United States, Japan and Germany, and multiples of the likes of Brazil, India and China.
     Per capita, by the way, means "per person."
Why don't economists just say "per person"?
     I think people make them nervous.

Tim Harford, The Undercover Economist Strikes Back:  How To Run - Or Ruin An Economy

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