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

Question

Quizplus · Accepted Answer

While GDP per person is not a perfect measure of individual well-being, it does provide an indication of the overall level of economic activity and standard of living in a country. Savings per person, government expenditures per person, and investment per business firm do not necessarily correlate with individual well-being.

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