per capita

Examples of per capita in the following topics:

• GDP per capita

  • Gross domestic product (GDP) per capita is the mean income of people in an economic unit.
  • Gross domestic product (GDP) per capita is also known as income per person.
  • GDP per capita accounts for population size.
  • Per capita income is often used to measure a country's standard of living.
  • Define GDP per capita and assess its usefulness as a metric.

• Personal Income

  • In the United States the most widely cited personal income statistics are the Bureau of Economic Analysis's (BEA) personal income and the Census Bureau's per capita money income.
  • Personal income and disposable personal income are provided both as aggregate and as per capita statistics.
  • The Census Bureau releases estimates of household money income as medians, percent distributions by income categories, and on a per capita basis.

• Growth in the United States

  • To determine economic growth, the GDP is compared to the population, also know as the per capita income.
  • When the per capita income increases it is called intensive growth .
  • The per capita income was limited.
  • This graph shows the GDP per capita in the United States from 1929 to 2010.
  • The GDP per capita is the ratio of the GDP to the population.

• Different Health Care Systems Around the World

  • Two good examples are provided in the media relative to the overall capital costs and the subsequent returns on these costs, on being costs to hospital beds per capita and the other costs to physicians per capita .
  • Germany has consistently demonstrated reductions in cost of health care per capita relative to GDP growth.
  • Healthcare spending per capita is on the left y-axis and life expectancy is on the right.
  • This graph demonstrates the apparent correlation between beds (per 1000 people) and the costs involved in healthcare overall.
  • This demonstrates that, on a per capita basis, the U.S. is spending a great deal without capturing much in return relative to available space for patients.

• Arguments in Favor and Opposed to Economic Growth

  • Over the long-run economists might look at the per-capita rate of GDP growth (the growth of the ratio of GDP to the population).
  • For example, a growth rate of 2.5% per annum leads to a doubling of the GDP within 29 years.
  • In contrast, a growth rate of 8% per annum leads to a doubling of the GDP within 10 years.
  • It has been found that happiness increases with a higher GDP per capita, up to a level of at least $15,000 per person.
  • For example, in a country with low inequality, a country with a growth rate of 2% per head and 40% of the population living in poverty can halve the poverty in 10 years.

• Improving Education and Health Outcomes

  • This graph shows the positive relationship between education and per capita GDP of a country.
  • As the number of years of education within a country increase, so does the per capita GDP.

• Calculating Economic Growth

  • For economic purposes, the economic growth is calculated and compared to the population, also know as per capita income (indicator of a country's standard of living).
  • When the per capita income increases it is called intensive growth.

• The Current Account

  • The map shows the per capita current accounts surpluses and deficits of countries around the world from 1980 to 2008.
  • Deeper red implies a higher per capita deficit, while deeper green implies a higher per capita surplus.

• Catch-Up: Possible, but not Certain

  • When looking at the long-term economic growth of a country, it is important to analyze the ratio of the GDP to the population (GDP per capita).
  • When productivity increases the cost of goods decreases causing an increase in the per capita GDP.
  • Quality of life: happiness has been shown to increase with a higher GDP per capita.

• Technological Change

  • In economics, growth is defined as the increase in output per capita of a country over a long period of time.