The prosperity of a nation today is typically measured by its output per capita. GDP per capita provides a more accurate measure of a nation's prosperity because it takes into account the population size and reflects the average income or wealth of each individual.
The prosperity of a nation today is typically measured by its output per capita. Economists generally express the size of a nation's economy as its gross domestic product (GDP), which measures the value of the output of all goods and services produced within the country in a year. GDP per capita provides a more accurate measure of a nation's prosperity because it takes into account the population size and reflects the average income or wealth of each individual.