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AP Human Geography
Unit 7 – Industrial and Economic Development
Topic 7.3
Why might economists criticize Gross Domestic Product (GDP) per capita as an inadequate measure for comparing economic well-being across nations?
GDP per capita double counts income from both public and private sectors.
GDP per capita accounts for only agricultural output, neglecting industrial and service sectors.
GDP per capita cannot capture variations in cost of living across different nations.
GDP per capita does not include the value of exports in its calculation.
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AP Human Geography - 7.3 Measures of Development
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Gross Domestic Product (GDP)
Economic well-being
Economists
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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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