Real GDP per person in the United States is about $46,000. In Canada, it is, measured in
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Real GDP per person in the United States is about $46,000. In Canada, it is, measured in U.S. dollars, about $40,000. Based on those numbers, can you say that the average person in Canada is worse off than the average person in the United Sates?
Why might you not want to use real GDP as your only measure of well-being?
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Related Book For
Principles Of Macroeconomics The Way We Live
ISBN: 978-1429220200
1st Edition
Authors: Susan Feigenbaum ,R. W. Hafer
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