Compare The Standard Of Living In South Australia And South Korea

Norway, South Korea and Belgium all have high standards of living, according to the information presented in the table.

Reasons:

Compared to the rest of the countries, these three had the highest life expectancy, gross domestic product per capita, and adult literacy rates. The UN’s Human Development Index uses these three criteria: adult literacy, life expectancy and GDP (per capita) to determine the standard of living in other countries. Increased adult literacy results in information being easier to spread amongst the general population and better economic opportunities. Longer life expectancies are linked with a well-developed medical system and access to resources such as clean water and food. Finally, when a country’s per capita gross domestic product is high, the better off their standards of living tend to be generally. Additionally, the dependency ratio, infant mortality rate, total fertility rate, number of AIDS deaths per year, and population growth rates are

There may be some variation amongst the three, but they all average out in terms of the criteria of the Human Development Index. Decent adult literacy rates result in information being easier to spread amongst the general population than in a more illiterate population since illiteracy decreases accessibility to platforms containing information. Decent literacy rates also increase economic opportunities. The three nations have average life expectancies, compared to the countries with higher standards of living. The life expectancies may be linked to the quality of healthcare and resources available. The per capita GDP is decent as well in the three countries. Additionally, the dependency ratio, infant mortality rate, total fertility rate, number of AIDS deaths per year, and population growth rates all vary depending on each country’s standards of