4 ms·
GDP 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 Representativ
by noir_lord 10y ago
GDP 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]