Question

Most countries use real GDP per capita to measure quality of life. In three or four sentences, explain why people are inventing other ways to measure quality of life.

Answer 1

Hello there,

Individual wealth is not taken into account, so it's a poor indication of prosperity in general. They are doing this to measure quality.

Hope this helps.

~Jurgen

Answer 2

It can be observed that people look for other ways to measure the quality of life, since this is not limited to an economic question, it includes several areas of life such as: Economic conditions, Social conditions, Political conditions, Conditions of health, natural conditions.

Quality of life is assessed by analyzing five different areas. Physical well-being (with concepts such as health, physical security), material well-being (referring to income, belongings, housing, transportation, etc.), social well-being (personal relationships, friendships, family, community), development (productivity, contribution, education) and emotional well-being (self-esteem, mentality, emotional intelligence, religion, spirituality). An indicator commonly used to measure the quality of life is the Human Development Index (HDI).