Why is GDP per Capita useful as a measure of living standards?

The GDP per capita is simply calculated by dividing the nominal GDP in a reserve currency, for example the US dollars, by the total number of people in the country. This gives the average amount of income that each member of the population potentially has access to. GDP per Capita is widely used to measure and compare living standards around the world. Living standard’s refers to the measure of material welfare of the population of a certain country. 

GDP per Capita is a useful means of measuring living standards for a variety of reasons. Despite its limitations, GDP per Capita is still the most easiest and accurate measure of living standard we have. For instance, the GDP per capita in the US is around $25,000 while in Mexico it is around $7000. It stands to reason that by and large, the standard of living in the US is higher than the standard of living in Mexico. This same logic can be used to compare the standard of living between any countries.

Additionally, GDP per Capita is useful a measure of living standards as it allows you to look at an overview of each country, especially in an economic point of view. It considers how much a country is producing and more importantly, trends for the future economy of the country. GDP can be used most effectively when wanting to see the difference of the same country over time. Alternatively, GDP per Capita can also be used to compare living standards with other countries.

In conclusion, I believe that GDP per Capita is a useful as a measure of living standard because it is an easy, accurate and helpful way. However I do not believe it is the best way due to its many limitations.