NJ5 on 06 November 2009
As an example, you can’t have increased GDP per capita without seeing an increase in true-productivity of the average individual within the economy.
I suppose you meant "a sustainable increased GDP per capita ..."
I say this because government spending also adds to GDP, and since the government can borrow or print to spend money, it's very easy to increase GDP for a while without any real improvement. In fact I believe that's what's happening now in the US and other countries.
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