Economy, asked by gauravtamang7748, 1 year ago

Why is per capita measure better than total measure of gdp as an indicator of welfare

Answers

Answered by shubham610
1

GDP is also an indicator of human welfare. In cross-country data, GDP per capita is highly correlated with other factors that are important for welfare. ... They show that richer countries tend to have greater life expectancy, lower infant mortality and lower inequality.

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