3. Explain the connection between at least some of the statistics in the "standard of living" section of the table and in the "e
1 answer:
One of the factors examined on the table is Gross Domestic Product. This has a direct bearing to standard of living. Because, the GDP there is, the lower the life expectancy of people.
<h3>What is the statistical evidence from the table?</h3>Note that in New Zealand, the life expectancy is highest and this correlates with the GDP which is also the highest at 9.7%.
<h3>How can improving one category through an investment in human capital improve the other?</h3>Another indices that correlates strongly with Human Development is the Education Expenditure.
While HDI is highest at 0.931, the Education Expenditure is also highest at 6% of GDP. Note that NZ's GDP is the highest at 212.5 Billion.
Thus, we can conclude that increased investment in education will translate to higher standards of living.
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