Unit 3.1 · Measuring Economic Activity and Illustrating Its Variations
Calculation: Real GDP/GNI Per Capita and PPP
AO4AO2
Syllabus Requirement
Students must calculate per capita GDP and GNI by dividing by population, and interpret PPP-adjusted figures.
Assessment Objectives
AO4Use of Appropriate Skills
AO2Application and Analysis
Summary
This topic covers the calculation of real GDP and GNI per capita, which helps to assess the average economic output and income of individuals in a country. It also discusses purchasing power parity (PPP), which allows for more accurate international comparisons of living standards by adjusting for differences in currency value and cost of living.