Hey guys, How do you calculate real consumption per capita for a year when you have real consumption share of GDP and real GDP per capita? I can't find it anywhere in my lecture notes or online
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Originally Posted by vsky Hey guys, How do you calculate real consumption per capita for a year when you have real consumption share of GDP and real GDP per capita? I can't find it anywhere in my lecture notes or online Verify the real consumption ratio I assumed, I dont know it... real consumption share of GDP is a ratio consumption/ real GDP = ratio real GDP per capita is a ratio as well real GDP/people (capita) multiply
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