[Hebdomad]

Oh and GDP is the amount of produce a country produces. This is different, although often not realised, from the quality of life and wealth of a population.

It would only equate to the wealth of a population if everyone in the economy was actually producing a tangible good to sell i.e. everyone man, woman and child is essentially a business on two legs selling something. However, people are mostly wage-labourers, who have their income decreased by labour competitiveness, as the produce and efficiency of a company increases.

There's simply a huge gap between wage-labour (and all that goes with a higher income) and produce, and GDP focuses on produce. If an increase in GDP equalled an increase in income for the average man and woman, the United States would be renowned for its social equality.