The conversation between human and AI assistant.
What are the indicators of GDP as a good measure of standard of living?
But can we rely solely on GDP to measure the standard of living of a country's citizens?
GDP is not a perfect measure of standard of living as it does not take into account income inequality, environmental degradation or quality of life indicators such as education and health. However, it can provide a good starting point for measuring the overall economic well-being of a country.