ECON難題

No. Usually, we use GDP per capita as the indicator of living standard. If the population of China is more 13 times than Hong Kong, the GDP per capita of China may be lower than Hong Kong. Thus, the living standard of China is lower than that in Hong Kong.

Second, the GDP per capita over-estimates the living standard of a country. It is because something which worsen the living standard are not counted in GDP, for examples, polluation, leisure. Thus, if these factors are more serious in China. Her living standard is lower than Hong Kong.

I can't think out of the third reasons^^"

2008-06-18 22:36:37 補充：
Lastly, we should use real GDP per capita rather than nominal GDP per capita as the indicator of living standard. It is because the real GDP is adjusted against the inflation (increase in price level). The more the final goods produced, the higher the living standard.