THE IMPACT OF GDP ON THE QUALITY OF LIFE OF THE POPULATION

Abstract

The size of GDP is the main indicator of the economic efficiency of the state and its increase should have a direct impact on improving the quality of life. The determination of the standard of living is a complex and ambiguous process, since on the one hand, it depends on the composition and size of the needs of society, and on the other hand, on the limited ability to deliver them. The state must exist so that every citizen in it had the right to a comfortable existence that will allow him to fully carry out its activities the Purpose of this study is to track this relationship, using the methods of statistics andfinancial and economic analysis. In this study, the indicators of GDP and living standards of the population of Russia and some foreign countries were analyzed.

Keywords

• size of gdp
• standard of living
• national wealth
• wages