Standard of living plays a crucial role in determining a country's ranking on the Human Development Index despite similar GDP. Various factors like health, education, and environmental quality influence the overall well-being of a population.
Standard of living is a key factor that might contribute to one developed country ranking lower than another on the United Nations Human Development Index, despite having similar gross domestic products. Standard of living encompasses various aspects like health, education, human rights, crime and personal safety, and environmental quality that can significantly impact the overall well-being of a population. For instance, even with high-income levels, issues such as undernourishment in regions like Europe and North America can affect the standard of living.
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