Editing Economic development (section)

===GDP per capita and real income===
{{Further|Real income}}
GDP per capita is gross domestic product divided by mid-year population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidizes not included in the value of the products.<ref>{{Cite web|last=Callen|first=Tim|title=Gross Domestic Product: An Economy's All|url=https://www.imf.org/external/pubs/ft/fandd/basics/gdp.htm|url-status=live|website=International Monetary Fund|archive-url=https://web.archive.org/web/20120217075435/http://www.imf.org:80/external/pubs/ft/fandd/basics/gdp.htm |archive-date=2012-02-17 }}</ref> It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. [[Median income]] is related to [[Real income#Real gross national income per capita by country|real gross national income per capita]] and [[income distribution]].