Latin America economics 3 - Standard of Living/Literacy Rate

_________ 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

Literacy rate is the percentage of a country's population over the ______ that can read and write.

• age of 12

• age of 18

• age of 16

• age of 15

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

The goal of a country is to have ____ percent literacy rate.

• 75

• 50

• 95

• 100

What is the term for the percentage of people in a country who can read and write?

• Life Expectancy
• Fertility Rate
• Literacy Rate
• Graduation Rate

What is the term for the amount of money the average person earns per year?

• Standard of Living
• Purchasing Power
• GDP Per Capita

• Salary

If literacy rate is high, per capita income is probably ________.

• Low
• High
• Medium
• None of the Above