3 ms·
TL;DR: Economic measures are complex and GDP per capita does not at all translate immediately to median/ average household income. Data distribution matters. G
by thenaturalist 2y ago
TL;DR: Economic measures are complex and GDP per capita does not at all translate immediately to median/ average household income. Data distribution matters.
Good reference discussion illustrating many points: https://old.reddit.com/r/explainlikeimfive/comments/1fttduv/eli5_mississippi_has_similar_gdp_per_capita_53061/ https://old.reddit.com/r/explainlikeimfive/comments/1fttduv/...