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GDP/capita is an important figure. But it doesn't tell the whole story. (e.g. I don't think GDP/capita takes into account crowded freeways overflowing onto res
by HillaryBriss 10y ago
GDP/capita is an important figure. But it doesn't tell the whole story.
(e.g. I don't think GDP/capita takes into account crowded freeways overflowing onto residential streets.)
More generally GDP/capita does not take into account the unevenness of changes in quality of life which occurred on the way to a higher overall GDP/capita.
Can we really say that one statistic is "the important figure" ?
- gaius 10y agoYou are correct. But it is still more meaningful than GDP alone. For example here in the UK a plot of GDP says the country is getting richer, but a plot of GDP/capita says everyone in it, is getting poorer.