In 2008, the population of China was 1.3 billion and real GDP (in purchasing power parity prices) was $4.4 trillion. In the same year, the population of India was 1.2 billion and real GDP (in purchasing power parity prices) was $1.2 trillion. In 2005, the most recent year for which we have the data, China’s HDI was 0.777 and India’s was 0.619.

Based on this information, which country has the higher standard of living? What features of the information provided lead you to your conclusion?

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According to 2008 survey it showed that the total population of China ... View the full answer