Why GDP Matters: Compare Jamaica To Barbados
March 5, 2010 by Alex Blumberg
When it comes to economic indicators, none may be more abstract than GDP per capita. It is the measure of all goods and services a country produces, divided by its population. Take two countries that seem alike in almost every important way — from geography, climate, colonial history and government structure — but one has a much lower GDP. The differences between Jamaica and Barbados are striking.
budget, bureaucracy, economics, economy, education, funding, government, spending
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