Compare your findings from Question 1, parts (a) and (b). Does a bigger economy always imply a higher standard of living for a country? Explain with reference to the three pairs of countries. (Your answer must include an explanation of the relationship between the variables you have chosen to determine the size of the economy and the standard of living.)

1a)

\fGDP Total, GDP Total, Winner yearly yearly growth growth Country Vietnam 171 billion Bolivia 29.88 billion Vietnam Pair A Country China 9.62 trillion Ukraine 112 billion China Pair B Country Spain 1. 14 trillion New 165 billion Spain Pair C Zealand