Why might a rise in GDP per capita not necessarily indicate an actual improvement in people's quality of life?

Show Answers

Because it reflects total wealth rather than individual earningsSince it represents the Gross Domestic ProductAs it does not account for the quality of goods producedBecause it is calculated only once every five years

Explanation

Option A is correct because GDP per capita indicates overall wealth but does not directly measure personal income or well-being. Although GDP measures economic output (B) and excludes quality considerations (C), these do not fully explain why quality of life may not improve. Additionally, GDP is typically calculated annually, not every five years (D).