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Economic welfare of individual contents several dimensions. Political freedoms, the social and cultural environment, freedom from fear of violence and the working environment are all the factors that indicate the movements in standards of living. Estimate of GDP pr capita provide the most simplistic and direct indication for measuring economic welfare of citizens. GDP per capita means GDP divided by the level of population. 'National income is often used as the main indicator of the standard of living of an economy. A rise in GDP per head is used as indication of a rise in living standards.' GDP measures national income in terms of output .GDP per head simply means the average output per head. The greater amount of output owned by people in average the more people are able to consume in average. Living standard goes up in turn. In addition, because the growth rate of population is very slow,...

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