Asked by Andrea
Do people living in countries with higher real GDP necessarily have better living standards compared to countries with relatively lower GDP? Give practical example.
2. What measures would better compare the well-being (living standard) for residents of different countries? How do you expect these other measures to correlate with the per capita GDP?
3. GDP only measures the value of marketed goods and services. Give examples of important services the GDP fails to measure.
2. What measures would better compare the well-being (living standard) for residents of different countries? How do you expect these other measures to correlate with the per capita GDP?
3. GDP only measures the value of marketed goods and services. Give examples of important services the GDP fails to measure.
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.