Is GDP a good measure of the prosperity of the average person? Yes, if the GDP is growing, the people are more prosperous. Yes, a large GDP is always the best sign of prosperity. No, GDP only measures how much money is in the economy. No, GDP does not consider the size of the population.

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Koen Morse

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5 May, 10:25

Is GDP a good measure of the prosperity of the average person? Yes, if the GDP is growing, the people are more prosperous. Yes, a large GDP is always the best sign of prosperity. No, GDP only measures how much money is in the economy. No, GDP does not consider the size of the population.

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Nicholas Mcguire · Answer 1

The GDP is NOT a good measure of the prosperity of the average person because the GDP does not consider the size of the population when calculated on a annual basis.