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Is per capita income PCI a good measure of level of living people enjoy or are the data skewed given substantial differences in the distribution of income especially in Third World countries?
Wiki User
∙ 9y ago
The PCI or GDI is a good measure of the level of living people enjoy. Third World countries have a GDP of $700 or less. These are countries who can't increase their economic system because the GDP is not increasing at a faster rate than the population. The inequalities are stark, however, it should be noted that all economies begin with the peasantry and the working class in wretched condition until the workers establish means to effect change and bring the lower half of society up.
Wiki User
∙ 9y ago
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