Question

How can GDP per capita and poverty rates indicate standards of living in each system?

Answer 1

if the GDP is high that usually correlates to a high literacy rate , health care, a low poverty rate etc . If you have a high poverty rate the standard of living is usually low . If you have a low poverty rate the standard of living is high .

Answer 2

They can indicate standards of living in each system because GDP per capita is generally lower, and poverty rates are generally higher, in countries with lower standards of living

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