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3. Both Croatia and Oman have a GDP of $80,890,000,000. Yet the people of Oman have a substantially higher standard of living than do the

3. Both Croatia and Oman have a GDP of $80,890,000,000. Yet the people of Oman have a substantially higher standard of living than do the people of Croatia. Explain how Oman can have a higher standard of living than Croatia even though the two countries have the same GDP.

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