Well-Being Assessment Task
1. Explain why GDP/capita is thought to be a suitable measure for comparing human well-being across countries.
GDP stands for Gross Domestic Product which means, "the total value of goods produced, and services provided in a country during one year". GDP per capita is a suitable measure for comparing human well-being across countries because the GDP indicates the society's standard of living. The higher the GDP the higher society's overall well-being will be. But this being said, there are many factors of well-being that GDP does not cover as the GDP is only a number. It only roughly indicates the standard of living or well-being because the GDP doesn't measure things such as: the environmental quality or the level of health services and education in a country.
2. Evaluate the reliability and usefulness of using GDP per capita as the only measure of human wellbeing.
GDP is a great way to get a rough idea of the well-being of a country, but GDP is not reliable enough to use as the only measure of well-being. The GDP is only the total …show more content…
That trend is that Africa is always in the worst positions in the graph, Asia is always stretched out throughout the graph having some wealthy countries at the top of the graph and some poor countries at the bottom. In general, Asia is in the middle of all the graphs. And depending on the topic usually, Europe is in the best position on the graph with the Americas close behind the European. This trend shows that in general, the poor countries have a low level of well-being. And that wealthy countries have a high level of well-being. I believe that poor countries have poor wellbeing because they can't afford fundamental things to survive and live happily. For a country to have well-being it also needs a good government as the government also plays a big role in well-being as they run the country and if they are in poverty then the whole country
1. Explain why GDP/capita is thought to be a suitable measure for comparing human well-being across countries.
GDP stands for Gross Domestic Product which means, "the total value of goods produced, and services provided in a country during one year". GDP per capita is a suitable measure for comparing human well-being across countries because the GDP indicates the society's standard of living. The higher the GDP the higher society's overall well-being will be. But this being said, there are many factors of well-being that GDP does not cover as the GDP is only a number. It only roughly indicates the standard of living or well-being because the GDP doesn't measure things such as: the environmental quality or the level of health services and education in a country.
2. Evaluate the reliability and usefulness of using GDP per capita as the only measure of human wellbeing.
GDP is a great way to get a rough idea of the well-being of a country, but GDP is not reliable enough to use as the only measure of well-being. The GDP is only the total …show more content…
That trend is that Africa is always in the worst positions in the graph, Asia is always stretched out throughout the graph having some wealthy countries at the top of the graph and some poor countries at the bottom. In general, Asia is in the middle of all the graphs. And depending on the topic usually, Europe is in the best position on the graph with the Americas close behind the European. This trend shows that in general, the poor countries have a low level of well-being. And that wealthy countries have a high level of well-being. I believe that poor countries have poor wellbeing because they can't afford fundamental things to survive and live happily. For a country to have well-being it also needs a good government as the government also plays a big role in well-being as they run the country and if they are in poverty then the whole country