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Not to defend the GDP overall, but you could just use a per capita GDP for that sort of comparison.
by orblivion 10y ago
Not to defend the GDP overall, but you could just use a per capita GDP for that sort of comparison.
- noir_lord 10y agoGDP per capita is better than raw GDP but it still doesn't factor in wealth inequality, purchasing power parity etc. You can see the issue with a Representative economy here (UK) https://upload.wikimedia.org/wikipedia/commons/thumb/1/10/UK_Equivalised_Income_Distribution.png/600px-UK_Equivalised_Income_Distribution.png https://upload.wikimedia.org/wikipedia/commons/thumb/1/10/UK... Of course the Government always uses Mean since it sounds a lot better.
- deleted 10y ago[deleted]
- denzil_correa 10y ago> but you could just use a per capita GDP for that sort of comparison GDP per capita would not tell you the distribution of wealth (or more accurately income).