GDP per capita in Russia tends to overstate the general well-being of the Russian population because:

Question

Quizplus · Accepted Answer

GDP per capita is an average measure of income and does not account for how wealth is distributed within a country. In Russia, a significant portion of wealth is concentrated in the hands of a small number of individuals, which means the average (GDP per capita) might suggest a higher general standard of living than what is experienced by the majority of the population.

GDP Per Capita in Russia Tends to Overstate the General