4 ms·
> GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of pers
by manuelmoreale 2y ago
> GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income.
It also doesn’t take into account cost of living. You might as well make 300% more but if everything is 500% more expensive I don’t see why that’s an indication of things being better.