In a country with income concentrated in the hands of a small group,median household income would be a better measure of the standard of living of a typical citizen than GDP per capita.

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GDP per capita measures the average income of a country, which can be heavily influenced by a small group of high earners. Median household income, on the other hand, represents the income of the typical citizen in the middle of the income distribution, regardless of the extremes. In a country with income concentrated in the hands of a small group, median household income would provide a better indication of the standard of living for the typical citizen.

In a Country with Income Concentrated in the Hands of a Small