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The standard of living in Argentina is higher than the standard of living in Luxembourg purely because the size of Argentina's real GDP in 2018

The standard of living in Argentina is higher than the standard of living in Luxembourg purely because the size of Argentina's real GDP in 2018 (using 2010 constant prices) was USD446,880.91 million as opposed to Luxembourg's USD67,301.21 million (figures from the World Development Index Database).

Do you agree or disagree with this statement? Refer to the UN Human Development Index to Justify your answer.

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