Is real GDP per person a significant measure of wellbeing Is
Is real GDP per person a significant measure of well-being?
Is real GDP per person a significant measure of well-being?
Solution
No, sometimes , facotrs like life expectancy and mortality rate comes in and contradict the usual belief. for example per capita GDP of USA is higher(58800) than that of france(41200) but life expectancy is greater in france(81.75%) as that in USA(79.68%). SO GIVEN STATEMENT IS NOT ALWAYS TRUE
