Question

How would GDP per capita (ppp) help us understand standard of life?

Answer 1

The standard of living is derived from per capita GDP, determined by dividing GDP by the number of people living in the country. ... Generally, rising global income translates to a higher standard of living, while diminishing global income causes the standard of

Answer 2

GDP per capita can tell us about a nation's quality of health care, economy, and overall standard of life