GDP is used as the basic measure of a society's economic well-being. A better measure of the economic well-being of individuals in society is

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GDP per person, also known as GDP per capita, provides a rough estimate of the economic well-being of an individual in a society by dividing the total GDP of a country by its population. It takes into consideration the average income and standard of living of individuals in a country. However, it is important to note that GDP per capita may not provide a complete picture of economic well-being as it does not account for factors such as income distribution, inequality, and non-monetary measures of well-being.

GDP Is Used as the Basic Measure of a Society's