Outline

I. Introduction

Definition and understanding of real GDP per capita.
Brief overview of its impact on economic development.

II. Understanding Real GDP per Capita

Explanation of the calculation of real GDP per capita.
Relation between real GDP per capita and economic growth.
Impact on living standards.

III. Economic Development

Explanation of economic development and its indicators.
The relation between an increase in real GDP per capita and economic development.

IV. Potential Positive Impacts on Economic Development

Increased resources for better education, healthcare, and living standards.

V. Potential Negative Impacts on Economic Development

Negative environmental impacts, wealth inequalities, loss of leisure time, and unsustainable growth.

VI. Conclusion

Recap of the argument and overall assessment of the impact of an increase in real GDP per capita on economic development.

Tips on How to Answer Economics Essay

Understand the concepts⬅: Be clear on the meaning of key economic concepts. In this case, understand what real GDP per capita and economic development entail.

Define key terms⬅: Begin your essay by defining the key terms.

Structure your essay⬅: Make sure your essay has a clear structure with an introduction, body paragraphs for each key point, and a conclusion.

Use examples⬅: Use real-life examples or hypothetical scenarios to explain your points.

Analyze⬅: Discuss the positive and negative aspects of the question. Here, analyze the impact of an increase in real GDP per capita on economic development.

Conclude⬅: Summarize your argument in a clear and concise conclusion that answers the essay question.

Proofread⬅: Check for any grammatical errors and ensure your argument flows logically and clearly.