24.5k views
0 votes
Gross domestic product (gdp) figures may understate the value of goods and services due to

1 Answer

5 votes
If it is GDP per capita it may understate the value of goods and services due to comparative inflation figures and costs of living in different countries. A GDP per capita Purchasing Power figure is more accurate for this type of comparison.
User Mara Morton
by
8.3k points