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By Enrico Giovannini, Jon Hall (oecd Statistics Directorate and Social Affairs


For many years, using a monetary measure like GDP per capita as a proxy for the population’s wellbeing made much sense, at least for developed countries. GDP per capita provides an accurate measure of a country’s capacity to deal with the material needs of its residents. And so long as the basic necessities of life remain scarce, additions to GDP per capita can be expected to equate closely with improvements i

Year: 2013
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