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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Carlee Kaiser

14 December, 04:32

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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Kassidy Gray · Answer 1

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.