Showtime: Measuring Quality of Life

Directional correct, but imprecise.

GDP Per Capita — gross domestic product divided by population — is commonly used as a rough proxy for measuring the standard of living in a society.

If we assume GDP per capita is an imprecise but directionally correct proxy for quality of life, the average American lives nearly three times larger than when Reagan was in office. This is all the more startling when comparing US GDP per capita against others.

The American dream is alive and well.