Explain clearly why the Real GDP per capita statistic is not a perfect measure of living standards of people in different countries in the world.

The Real GDP per capita statistic is not a perfect measure of living standards of people in different countries in the world because it only takes into account the economic output of a country divided by its population, without considering other important factors such as income distribution, access to healthcare, education, and basic necessities, and environmental factors. A large GDP per capita figure doesn't necessarily mean that every individual in a country is prosperous, as it may be skewed by a concentration of wealth among a small population or may be inflated by industries that are harmful to the environment or the local community. For instance, a country with a high GDP per capita but a high level of inequality and ineffective social programs may not necessarily offer a high standard of living for its citizens. Therefore, while the Real GDP per capita statistic is an important indicator, it needs to be complemented with other measures that offer a more comprehensive understanding of living standards.