How should per capita real Gross Domestic Product (GDP) be used?

Question

Quizplus · Accepted Answer

Per capita real GDP is a reasonably good measure of productive activity as it represents the total value of goods and services produced in a country divided by its population. It is an important indicator for economic growth and development, but it does not take into consideration factors such as quality of life, cultural and spiritual values, and income inequality. Therefore, it cannot be an accurate measure of economic well-being or a good gauge of a nation's quality of life.

How Should Per Capita Real Gross Domestic Product (GDP) Be