Given that two countries,Alpha and Beta,have the same per capita GDP,we can be sure that the people of the two countries are equally well-off.

Question

Quizplus · Accepted Answer

Per capita GDP only takes into account the average income of individuals in a country and does not account for income inequality or differences in cost of living. Therefore, it is possible that even if two countries have the same per capita GDP, one country may have a higher standard of living or more income equality than the other.

Given That Two Countries,Alpha and Beta,have the Same Per Capita