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The standard of living in Nigeria is higher than the standard of living in New Zealand as the size of Nigeria's nominal GDP (using current

The standard of living in Nigeria is higher than the standard of living in New Zealand as the size of Nigeria's nominal GDP (using current USD) in 2019 was estimated at $0.448 trillion as opposed to New Zealand's $0.206 trillion in the same period (figures from the World Development Index Database). Do you agree or disagree with this statement? Explain your answer and provide real world evidence to justify your answer.

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