The standard of living in any country is:Group of answer choicesmeasured by subtracting the supply of goods and services from the demand for goods and servicesdetermined by the money left over after all expenses are paidthe general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure timemeasured by the output of goods and services people can buy with the money they havehigher for less developed countries like Angola, Bangladesh, and Ceylon than it is for the U.S.
Question
The standard of living in any country is:Group of answer choicesmeasured by subtracting the supply of goods and services from the demand for goods and servicesdetermined by the money left over after all expenses are paidthe general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure timemeasured by the output of goods and services people can buy with the money they havehigher for less developed countries like Angola, Bangladesh, and Ceylon than it is for the U.S.
Solution
The standard of living in any country is determined by the general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time. This is because the standard of living is a measure of the material comfort available to an individual, household, or society. It includes factors such as income, quality and availability of employment, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, gross domestic product, inflation rate, amount of leisure time, affordable (or free) access to quality healthcare, quality and availability of education, life expectancy, incidence of disease, cost of goods and services, infrastructure, national economic growth, economic and political stability, political and religious freedom, environmental quality, climate, and safety.
Similar Questions
The quality of life is:Group of answer choicesmeasured by subtracting the supply of goods and services from the demand for goods and servicesdetermined by the money left over after all expenses are paidthe general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure timemeasured by the output of goods and services people can buy with the money they havehigher for less developed countries like Angola, Bangladesh, and Ceylon than it is for the U.S.
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Which of the following is NOT something that should be considered when measuring living standards between two or more countries?Питання 1Виберіть одну відповідь:a.The type of economy under considerationb.What level of social benefits is availablec.How taxes are charged and who actually pays themd.The ways in which a government collects taxes
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