Standard of Living

What is Standard of Living?

• the national income divided by population

• the number of years a person can expect to live

• the level of available income, goods, and services in a place

• the number of infant deaths per 1,000

What term means "the minimum income required to meet basic needs?"

• cost of living

• infant mortality

• life expectancy

• poverty line

Which of the following is considered a basic need?

• an automobile

• clean water

• education opportunities

• a cell phone

Which of the following has the most direct effect on the level of a person's income?

• access to water

• access to education

• access to health care

• access to housing

Why is it risky for a country to rely on a single industry or crop?

• People get competitive if they all work at the same job.

• Tourists won't come to a country that has little variety.

• The entire economy can fail if the industry or crop fails.

• Relying on one economic activity causes more pollution.

Which statement about cost of living is true?

• A low-wage earner in one place might be considered a high wage earner in another.

• Cost of living is equal in large cities.

• People's basic needs differ from country to country.

• A higher cost of living will eliminate poverty.

What does life expectancy measure?

• the number of infants who die per 1,000 live births

• the rate that a disease spreads within a country

• the number of doctors versus the number of dentists

• the years that a person in a group or place can expect to live

What prevents Afghanistan from raising its standard of living?

• peace treaties

• decades of war

• natural disasters

• new businesses

What does the Costa Rican government spend almost one-fourth of its budget on?

• defense

• education

• tourists

• transportation

What statistic is the direct result of Haiti's lack of health care?

• low literacy rate

• high poverty rate

• low cost of living

• high infant mortality rate