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GDP per capita can easily be increased without raising the median standard of living, or ending poverty. Increasing total wealth doesn't guarantee anything when
by dannypgh 11y ago
GDP per capita can easily be increased without raising the median standard of living, or ending poverty. Increasing total wealth doesn't guarantee anything when the maldistribution of wealth is the underlying problem.
- JesperRavn 11y agoNo guarantees, but in general it does. Look at, for example, graphs of GDP vs life expectancy.