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by fsckboy 13 days ago
>GDP is not a measure of living standards.

if you don't maintain per capita GDP, you will not be able to maintain living standards.

1 comments

However, GDP may be measuring the opposite of living standards. In the UK, the NHS will be effectively paying cost prices for healthcare (which is generally available free to the public), whereas Mississippi will presumably factor in expensive healthcare as part of the GDP. Higher GDP, but a lower living standard if you have very limited access to healthcare.