Income per capita vs income per worker: how are they related? How are they alike and how are they different? What is the 'rule of 70'? What does it tell us? Why do we use the annual average growth rate for a long period of time and not the actual annual growth rates for every year? The PPP-adjusted exchange rate: what is it? Why do we use it (and not the market exchange rate) when comparing countries? What changes when we use it? GDP not a perfect measure of wellbeing, why do we still use it then? What does it leave out? Is any of what it leaves out more important in developing countries? Income and life satisfaction, how are they related? Alternative metrics to GDP per capita: the ISEW/GPI, the HDI/NHDI. Do they behave like GDP per capita? How are they similar and how are they different to GDP per capita? What is the difference between HDI and NHDI? Why is it important?

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1 Income per capita vs income per worker Income per capita refers to the average income earned per person in a given population regardless of their employment status It considers total income earned w... View the full answer