Is quality of life subjective or you can create an index to rank nations like what the UN is doing?
The UN used indices to create a Quality of life Rank based on some quantifiable measures? Is it difficult to measure QOL since we have different measures to use or we can actually measure it?
It seems like factoring in the basics like life expectancy, average amount of education and average annual income pretty well cover it. People always try to measure, catalog and rank things regardless of how many factors are at work and how quickly they change anyway. The basic formula they use is about as accurate as it can get, I think.
QOL could be averaged for a nation. But in saying that, You may have 10 rich people that are smart and 10 poor people that are dumb, which would cancel each other out creating an average standard of living. So i would say yes, it is logical to think it is subjective, but economically it may be easier to document if it were objective.
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