A benefit of using GDP per capita instead of GDP is that GDP
A) takes into account the differences in wealth between the rich and poor within a country.
B) measures the effects of outliers skewing averages.
C) takes into account the size of the population when measuring the value of the goods and services a country produces.
D) takes into account the environmental benefits or harm of economic activity.

Question

Quizplus · Accepted Answer

GDP per capita divides the GDP by the population size, providing a per person average that accounts for the size of the population, making it a better measure of the economic well-being of the average individual in the country.

A Benefit of Using GDP Per Capita Instead of GDP