Can poorer countries do well on these alternative measures of well-being? could people be misled about differences in living standards if they only compared different countries levels of gdp per person? explain.

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06-04-2019
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Can poorer countries do well on these alternative measures of well-being? could people be misled about differences in living standards if they only compared different countries levels of gdp per person? explain.

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MrDay MrDay · Answer 1 · 2019-04-06T19:52:16+02:00

MrDay MrDay

06-04-2019

Yes, they could be mislead about the standard of living if only looking at the GDP. To understand the standard of living other factors need to be considerd to offer a complete perspective. For example some countries have black markets which increase the standard of living.

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