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

Question

Quizplus · Accepted Answer

Real GDP per person takes into account the population of a country and provides a better measure of the average economic well-being of the people. Real GDP alone can be misleading as it doesn't consider the population, and a country with a higher real GDP may not necessarily have a higher standard of living or economic well-being for its citizens.

Real GDP Per Person Is a Better Measure of Economic