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GDP is a poor measure of a country’s prosperity or standard of living. Based on GDP numbers Italy is barely ahead of Mississippi, even though spending 10 minut
by turquoisevar 3y ago
GDP is a poor measure of a country’s prosperity or standard of living.
Based on GDP numbers Italy is barely ahead of Mississippi, even though spending 10 minutes in both will make it readily apparent that one is miles ahead in terms of prosperity than the other.
- Sohcahtoa82 3y ago> GDP is a poor measure of a country’s prosperity or standard of living. So much this. Even if you do "GDP per capita", it's a piss-poor measure. I think the greater measure of a country's prosperity is wealth equality. There will always be outliers, but how are the people in the 20-80 percentile doing?