Question

6. What are the arguments for using real per capita GNI to compare living standards between countries? What weakness does this measure have?

Answer 1

Answer:

Levels of real per capita GDP are often cited to indicate living standards are higher in one country than another, and, by implication, that some systems of government or sets of government policies are better than others, but this measure of comparative living standards is so flawed as to be practically useless.

Explanation: