In comparing GDP and HDI rankings, what is the best conclusion that can be drawn?

History

1 answer:

Kisachek [45]3 years ago

7 0

Answer:

Economic development does not necessarily provide a high standard of living

Explanation:

Very often the GDP is taken as a measure for the strength of an economy, at rightly so, but it is also often used as a measure of the standard of living and the human development index, and that is very wrong. While the high GDP always results in better living conditions, it doesn't mean that the improvements are big, or that the population has a high standard of living. We can take China as an example. It is one of the biggest economies in the world, second to be more specific. Its GDP is enormous, and it is constantly on the rise. On the other hand, the people do not have a high standard of living, and are far behind lot of nations where the GDP is much lower. Also, the people are very limited in numerous things, be it the internet and what is available on it or freedom of speech, they are on relatively low level.

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