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The phrase 'standard of living' here is meant to give an impression that Yugoslavia has been doing well but on other fronts there is a slight problem. Hence the 'but' and not 'and'.
The overall flavour of the sentence here determines the choice and not the semantic. _________________
http://blog.ryandumlao.com/wp-content/uploads/2016/05/IMG_20130807_232118.jpg The GMAT is the biggest point of worry for most aspiring applicants, and with good reason. It’s another standardized test when most of us...