What is the best measure of a country’s standard of living? What is the problem with using GDP per capita as a quality of life indicator? According to Vaclav Smil, the author of Numbers Don’t Lie, the most important measure of the quality of life in a country is not GDP per capita, as many people believe. It’s the infant mortality rate. Here’s why infant mortality more accurately reflects the standard of living.
What Is the Most Accurate Quality of Life Indicator?
