Explore BrainMass

Explore BrainMass

    GDP per capita in Switzerland

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I am wondering if GDP per capita in a country like Switzerland can have a low GDP per capita but still have a high standard of living, as compared to say the US GDP per capita. If this were true, what could we say further about GDP per capita.

    © BrainMass Inc. brainmass.com October 9, 2019, 9:43 pm ad1c9bdddf

    Solution Preview

    Nothing about the definition of GDP suggests that it is necessarily a measure of standard of living. For instance, in an extreme example, a country which exported 100 per cent of its production and imported nothing would still have a high GDP, ...

    Solution Summary

    The solution answers the question below.