The table compares the GDP and HDI rankings of countries. A 3-column table with 7 rows is shown. Column 1 is labeled Country with entries United notes, China, Japan, India, Norway, Afghanistan, Barbados. Column 2 is labeled Total G D P ranking out of 187 with entries 1, 2, 3, 10, 23, 105, 153. Column 3 is labeled H D I ranking out of 187 with entries 3, 101, 10, 136, 1, 175, 38. What does the table indicate about the development of Barbados?

It is not economically developed but has a relatively high standard of living.
It is economically developed and has a relatively high standard of living.
It is economically developed but has a relatively low standard of living.
It is neither economically developed nor has a high standard of living.