asked 146k views
3 votes
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.

asked
User Blobbie
by
7.3k points

1 Answer

6 votes

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.

answered
User Marceline
by
7.6k points

Related questions

asked Dec 20, 2024 220k views
Adam DS asked Dec 20, 2024
by Adam DS
7.7k points
1 answer
0 votes
220k views
1 answer
3 votes
219k views
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.