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Simple none of the two are the best. HDI is the best measurement of a country's standard of living. To answer your question though as you may know, GDP per capita the the measurement of the amount of GDP per person in a country. GDP on the otherhand only calculates the total economic output of an economy. Therefore if we consider a country with 100,000 people(A) and one with 100 people(B) and both countries have the same GDP of 100,000$ they are from a GDP point of view the same. From a GDP per capita point of view though country A has only 1 $ to spend per person which compared to country B which has 1,000$ to spend per country is quite a poor effort.
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What else can I help you with?
What is GDP per capita used to measure?
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
How can interest rate help indicate the health of a countrys economy?
The risk of a nation is based on the interest rate...high rate bad health of country economy, low interest rate better situation
When capital is increased why does productivity rise?
This is because this gives more money to the company ,thus leading to increase in productivity. Increased capital will help you buying better machinary that produces faster with better qualit. Increased capital can let you hire more employees thus increasing productivity. Increased capital even may let you enter a new market .
What is germanys standard of living?
The Germans have the same standard of living as the Americans have in the United States. They may have better primary and secondary education than in the USA.
How marketing deliver better and higer standard of living to society?
i believe it.
Why standard deviation is better measure of variance?
1. Standard deviation is not a measure of variance: it is the square root of the variance.2. The answer depends on better than WHAT!
Why is important for a bank to have a tier 1 capital?
A tier one capital is a measure of the bank's strength. If you want a better and more reliable bank it is important for it to have a tier one capital.
What is a better measure of variability range or standard deviation?
The standard deviation is better since it takes account of all the information in the data set. However, the range is quick and easy to compute.
What is GDP per capita used to measure?
The GDP per capita is used to measure a country's standard of living. It is calculated by dividing the country's GDP by its population, which better allows comparison of GDP between countries.
Internal Rate of Return serves what purpose?
Internal Rate of Return is used in capital budgeting. Its primary purpose is to better measure the profitability of investments and to compare this profitability.
Is the coefficient of variation a better measure of risk than the standard deviation if the expected returns of the securities being compared differ significantly?
The Standard deviation is an absolute measure of risk while the coefficent of variation is a relative measure. The coefficent is more useful when using it in terms of more than one investment. The reason being that they have different returns on average which means the standard deviation may understate the actual risk or overstate depending.
Is it better to measure by weight or cups when baking?
It is always better to measure by WEIGHT when baking.
Why is standard deviation better than variance?
Better for what? Standard deviation is used for some calculatoins, variance for others.
Why is it sometimes better to measure an object with an inch ruler than with a nonstandard unit?
Because other people may have no idea how big the non-standard unit is. If I said than my monitor was six fingers tall, how big is that? It is, of course, better to use an international standard unit such as the centimetre or metre, but some countries are still stuck with inches.
What is the meaning of food standard?
food standard is how good the food is for you not how good it tastes... the higher the food standard the better for you.
Which company name is better Global Standard Hermes Standard or Mercury Standard?
global standard GS ...easy to pronounce can be used globally
What are some reasons for the movement of ancient Rome's capital?
Some reasons for the movement of the capital were there were better resources. Like there were better tools to use, they had better animals to hunt. Another reason is there was a better population. That was good because it would keep the city healthy
