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Answer :
GDP per capita changes depending on whether GDP growth outpaces or lags behind population growth. The Solow model's ability to explain international income disparities is also considered.
GDP is often used as a measure of a country's economic growth or progress, but there are sensitivities concerning its efficacy in reflecting social welfare. When looking at GDP in conjunction with population changes, it is important to consider GDP per capita.
If GDP grows slower than the population, then GDP per capita would decrease, conversely, if GDP falls but at a slower rate than the population, then GDP per capita would actually increase. The Solow model is brought up in context to address income disparities between countries and to probe whether it can account for these variations, which is pertinent to discussions on economic well-being.
Additionally, Good Documentation Practices (GDPs) are mentioned, which may lead to some confusion as they do not pertain directly to economic measures but are instead related to documentation standards in various industries, including pharmaceuticals, technology, and manufacturing.
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