Economic growth may understate changes in real per-capita GDP if

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Economic growth may understate changes in real per-capita GDP if leisure time is also increasing. This is because GDP measures the total value of goods and services produced in an economy, but it does not account for changes in leisure time, which can be an important component of well-being. If people have more leisure time, they may be happier and feel better off, even if their measured GDP per capita remains the same or increases only slightly. As such, measures of well-being that include leisure time, such as the Genuine Progress Indicator (GPI), may provide a more complete picture of economic development.

Economic Growth May Understate Changes in Real Per-Capita GDP If