Articles tagged with: Misleading GDP Figures
(Note: This post is by Will Rayner, a former student of mine who graduated from Stanford University last year.)
Statistics can be misleading, particularly in regard to international country-by-country comparisons. We all know that. And yet governments, institutions, and corporations rely on these statistics every day.
GDP per capita—just to pick an example—is often used as shorthand for a country’s level of …