When comparing the performance of economies in terms of the average well-being of their inhabitants,which measure is most appropriate?

Question

Quizplus · Accepted Answer

Real GDP per capita is the most appropriate measure for comparing the performance of economies in terms of the average well-being of their inhabitants because it accounts for both the size of the economy and the population, and adjusts for inflation, providing a more accurate reflection of individual economic well-being.

When Comparing the Performance of Economies in Terms of the Average