Look at median, and not mean GDP per capita

Re:Look at median, and not mean GDP per capita by pif on Monday August 08, 2022 @03:49AM (#32383234)

> median is better as you point out

As the grandparent post correctly stated, median GDP cannot be computed. In cannot even be defined!

[ Parent | on HN ]

Re:Look at median, and not mean GDP per capita by rbanffy on Monday August 08, 2022 @05:17AM (#32383633)

It assumes a normal-ish distribution. Mode would be a better single-number measure, but it’s the income x number of people curve that carries the important message.

[ Parent | on HN ]

Re:Look at median, and not mean GDP per capita by pif on Monday August 08, 2022 @05:35AM (#32383717)

You didn't read the opening comment from jstx1, did you?

GDP is not income.

Personal GDP is not defined.

[ Parent | on HN ]

Re:Look at median, and not mean GDP per capita by rbanffy on Monday August 08, 2022 @08:39AM (#32384737)

I'm sorry I didn't make myself clearer. I'm not talking about GDP, but income (which has a distribution curve).

OTOH, we can see that curve in a global context, of GDP per capita across countries. It's a boring curve, very power-law ish with slightly odd peak in the 30K-40K region.

https://imgur.com/a/BqsQDT9

[ Parent | on HN ]