Be thorough

• Very briefly describe the Standard of Living of Ecuador and Peru. Usestatistical dataandfactualinformation to address this question.
• Briefly describe the differences that exist between Ecuador and Peru's Standard of Livingby comparing and contrasting those differences.
• Use at least 2 economic theories to analyze the differences that exist between Ecuador and Peru's Standard of Living. You can use graphs or equations to relate the theory that you chose.

Make a normative assessment and propose a policy recommendationthat you believe would help to improve the Standard of Living of Ecuador and Peru, without necessarily increasing the countries' or regions' GDP. Please finish by 12:00AST