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$4.00 The level and growth rate of real GDP per capita can be a misleading indicator of development

Found in Economics: General-Economics
Chapter 1, # 0
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dinkerj
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Comment on the following statement:

The level and growth rate of real GDP per capita can be a misleading indicator of development. At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed.

 

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The level and growth rate of real GDP per capita can be a misleading indicator of development
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  • Posted on Oct. 19, 2011 at 10:55:30AM
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Preview: ... tell about well being of a country. GDP leaves out social indicators (like life expectancy, infant mortality, crime, education etc). High per capita real GDP does not mean that there is equal distribution of wealth. The real GDP can be high even if wealth is concentrated in few hands. It also does not ...
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