Standard of living

 
    What is the indicator for a perfect standard of living of a nation, in the true sense ?
     
         In the true sense, a nation cannot boast of the its standard of living on the basis of its illusionary GDP. Usually, a high GDP becomes a political tool and economic tool in the hands of political enthusiasts and business tycoons who wish to lead the population of the country with their opinion.The GDP that takes into account the economic development of the rich and those who are above the poverty line, cannot satisfy the definition of a GDP in the true sense.

  A nation can boast of its high GDP only when its GDP takes into account the economic condition of the major part of the population that remains below the poverty line.

  A serious note should be taken of the difference between the capacity the rich and the privileged class of the society. The annual income and the purchasing power of both the poorest section and the richest section of the society needs to be taken into consideration before the analysts and the governing body declares the GDP.