How is it that a country might have a large GDP, but its people might not be better off than another country with a smaller GDP?

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Francis Pruitt

4 July, 05:21

How is it that a country might have a large GDP, but its people might not be better off than another country with a smaller GDP?

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Shamar Bauer · Answer 1

High GDP does not always guarantee equal distribution of resources in a country. For example, in communist China, they have a high GDP, but because the means of production in many industries are owned and/or controlled by the government, the people don't get to reap the benefits as they would in a free-market, open trade, capitalist country.

Makenna Ruiz · Answer 2

GPN WHICH is large than GDP in country