Question
GDP per capital or any National Income statistics cannot be used to measure living standards or compare different countries, due to the number of deficiencies
"GDP per capital or any National Income statistics cannot be used to measure living standards or compare different countries, due to the number of deficiencies that it has"
EXPLAIN how national income data is compiled?
What deficiencies is this statement talking about?
Why do Economists still use GDP per capital to compare or rank countries if there are such deficiencies?
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Business Law Text and Cases An Accelerated Course
Authors: Roger LeRoy Miller
14th edition
1305967291, 978-1337514439, 1337514438, 978-1305967298
