A criticism of GDP per capita is that it:
A) is hard to calculate.
B) might not fully reflect the standard of living of the typical citizen.
C) reduces the effect of outliers skewing the averages.
D) is only a hypothetical concept that cannot be measured.

Question

Quizplus · Accepted Answer

GDP per capita only measures the average income or output per person in a country, but it does not account for income inequality, non-monetary factors such as access to healthcare and education, and the distribution of resources within a country. Therefore, it might not fully reflect the standard of living of the typical citizen.

A Criticism of GDP Per Capita Is That It