3. Explain the connection between at least some of the statistics in the "standard of living" section of the table and in the "e

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2 years ago

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3. Explain the connection between at least some of the statistics in the "standard of living" section of the table and in the "e

conomy" section. How can improving one category through an investment in human capital improve the other? Support your answer with information from the table. (2 points)

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1 answer:

Helen [10] · Answer 1 · 2023-07-11T01:51:12+03:00

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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