Standards of Living

What is standard of living?

• the ability to read and write.
• the percentage of people in a country that can read and write.
• It measures how well off people in a country are. 
• the average number of years a person in a country is expected to live. 

What is life expectancy?

• It measures how well off people in the country are. 
• The percentage of adults who can read and write
• the average number of years a person in a country is expected to live
• none of these

Which is not an indicator of standard of living?

• Number of people in a country

• Percentage of people in a country that can read and write

• How well an economy works per person

• The average age a person can expect to live to in a country

GDP per capita is useful because

• It shows how wealth is spread out around a population

• It gives a basic idea of how strong an economy is

• It tells how a population is growing

• It provides information about health and education

_________ is the amount of people in a country who can read and write

• Standard of Living

• Gross Domestic Product

• Literacy Rate

• GDP per Capital

What is standard of living?

• is a measure of the minimum amount of money thought to be adequate for life

• A measure of how well off the people are in a country

• A lack of money and basic necessities needed for life

If a country has a high literacy rate, then it will usually have a high standard of living.

• True

• False

A developing or third world country has a high or low standard of living?

• Low standard of living

• High standard of living

Wealth, healthcare, access to technology, and literacy rate help make up ______?

• GDP

• GDP per Capita

• Standard of Living

Wealth, healthcare, access to technology, and literacy rate help make up ______?

• GDP

• GDP per Capita

• Standard of Living