Question

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

Economic development does not necessarily provide a high standard of living.
GDP has little influence on gross national income (GNI) and, thus, the HDI.
GDP and HDI measures have little relation to one another.
Human development does not necessarily help economic development.

Answer 1

Economic development does not necessarily provide a high standard of living

Step-by-step explanation:

The GDP is representing the total production of final goods and services in a particular economy in a period of one year. There are numerous countries that can say that they have very high GDP, and while in some of them the people have high standard of living, in others it is not the case. We can take as examples China and India. Both of them have experienced significant economic growth, with their GDP's skyrocketing in the past few decades. The people though do not have high standard of living. There have been improvements in that department in both of these countries, but the people in China still have a standard of living as in a developing country, while the people in India are mostly poor.