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20 March, 14:03

Because different nations have vastly different numbers of people living in them, Gross Domestic Product (GDP) is a very poor way to compare the economic well-being of people in different countries. What economic statistic is used by economists in its place?

A. GNP

B. per capita GDP

C. Wealth total

D. Life expectancy

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Answers (1)
  1. 20 March, 15:56
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    The economic statistic that is used by economists in its place would be " per capita GDP" since this takes into account the actual population of a country.
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