– Mississippi has similar GDP per capita ($53061) than Germany ($54291) and the UK ($51075), so why are people in Mississippi so much poorer with a much lower living standard?

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I was surprised to learn that poor states like Mississippi have about the same gdp per capita as rich developed countries. How can this be true? Why is there such a different standard of living?

In: Economics

22 Answers

Anonymous 0 Comments

Higher costs of living, more income inequality, different priorities on how income gets spent, more uncertainty/less social safety net all contribute to those differences.

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