Real GDP is a better measure of economic well-being than real GDP per person.

Question

Quizplus · Accepted Answer

Real GDP per person or GDP per capita takes into account the population size and gives a better representation of the standard of living and economic well-being of the people. Real GDP alone may be influenced by changes in population, whereas real GDP per person evens out population changes and provides a more accurate depiction of economic growth and the welfare of individuals.

Real GDP Is a Better Measure of Economic Well-Being Than