Per capita gross domestic product (GDP)can be deceiving because the wealth of a country many be concentrated in the hands of a few.

Question

Quizplus · Accepted Answer

Per capita GDP only provides an average measure of a country's economic output per person and does not take into account income inequality or wealth distribution. A high per capita GDP does not necessarily mean that all individuals in the country are wealthy or have a high standard of living, as the wealth can be concentrated in the hands of a few individuals or groups.

Per Capita Gross Domestic Product (GDP)can Be Deceiving Because the Wealth