what are some of the problems associated with using gdp per capita to compare the quality of life among countries? check all that apply.

Respuesta :

The problems associated with using GDP per capita is c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.

The Gross Domestic Product, also known as GDP, is the monetary value of all the goods and services that a country may create in a specific amount of time. It comes in real and nominal types.

In less developed nations, there is a substantial income difference between the rich and the poor, whereas this gap is lower in industrialized nations. Therefore, comparing less developed and developed countries based on the per capita GDP to compare their living standards will inflate the current standard of life for the ordinary person in the nation with the highest level of income inequality.

Note that the full question is:

what are some of the problems associated with using gdp per capita to compare the quality of life among countries? check all that apply.

a. GDP per capita does not take into account differences in population between countries.

b. GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries.

c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality.

d. None of the answers above are correct.

To learn more about GDP: https://brainly.com/question/1383956

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