For this assignment, look at GDP rankings of countries around the world. Find a country where...

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For this assignment, look at GDP rankings of countries around the world. Find a country where you believe their GDP either overstates or understates how well the "typical" person in that country is doing. Some countries may have a comparatively high GDP but the typical person isn't doing so well; some countries may have a comparatively low GDP but the typical person is doing great. Tell me what your country's GDP rank is. Find indicators to back up your claim that the number misrepresents how the typical person is doing. Explain GDP and explain the significance of the indicators you picked and what they mean exactly. Why does GDP not capture how well the typical person is doing in your case? For this assignment, look at GDP rankings of countries around the world. Find a country where you believe their GDP either overstates or understates how well the "typical" person in that country is doing. Some countries may have a comparatively high GDP but the typical person isn't doing so well; some countries may have a comparatively low GDP but the typical person is doing great. Tell me what your country's GDP rank is. Find indicators to back up your claim that the number misrepresents how the typical person is doing. Explain GDP and explain the significance of the indicators you picked and what they mean exactly. Why does GDP not capture how well the typical person is doing in your case?

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For this assignment lets consider the case of Qatar Qatar often ranks very high in terms of GDP per capita due to its immense oil and natural gas rese... View the full answer