What is the most common tool used by economists to compare countries? How is it calculated?

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asked Feb 9, 2019 24.9k views

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Toymakerii · Answer 1 · 2019-02-15T09:41:11+0000

Probably either GDP or GDP per capita. I'm not sure. The GDP is the gross domestic product and is the money the country 'gets' and the GDP per capita is the average salary per person, calculated by dividing the GDP by the population.

What is the most common tool used by economists to compare countries? How is it calculated?

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