Standard of Living

What is the correct definition of Average Income?

• the amount of money people in a country make in a year

• how many people can read and write or are educated

• how long the average person lives

• the level of wealth and comfort available in a country

What is the correct definition of Literacy Rate?

• the amount of money people in a country make in a year

• how many people can read and write or are educated

• how long the average person lives

• the level of wealth and comfort available in a country

What is the correct definition of Life Expectancy?

• the amount of money people in a country make in a year

• how many people can read and write or are educated

• how long the average person lives

• the level of wealth and comfort available in a country

People living in Greece make an average of $26,846 per year. People living in Sweden make an average of $40,352 per year. Which of the following comparisons of Sweden and Greece would be true?

• People living in Greece are wealthier than people living in Sweden.

• The standard of living of Greece is higher than the standard of living of Sweden.

• The standard of living of Sweden is higher than the standard of living of Greece.

Cuba has a Literacy Rate of 99%. Which of the following is TRUE?

• Cuba has a LOW standard of living.

• People in Cuba have access to education

• Cuba has a Unlimited Government.

• Not many people in Cuba can Read and Write.

Which of the following is true about countries with a lower standard of living?

• These countries usually have fewer agricultural jobs.

• These countries are usually export more than they import.

• People in these countries usually live longer than people in other countries.

• People in these countries usually have less access to education.

Countries with a high standard of living usually have ____________ than countries with a low standard of living.

• higher literacy rates

• more exports than imports

• a shorter life expectancy

• a lower average income