Explain why the per capita gdp is a better indicator of the wealth of a country than the gdp?

Question: Explain why the per capita gdp is a better indicator of the wealth of a country than the gdp?

Per capita GDP is a better indicator of the wealth of a country than GDP because it takes into account the size of the population. GDP only measures the total value of goods and services produced within a country's borders, regardless of how many people live there. Per capita GDP, on the other hand, divides the GDP by the number of people in the country, giving a more accurate measure of the average income and standard of living of the population. This allows for a more meaningful comparison of the economic well-being of different countries.

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