The term______________refers to material well-being,which is measured by the quality of goods and services that may be purchased by the per capita national income.
A)standard of living
B)standard of development
C)standard of the economy
D)standard of life

Question

Quizplus · Accepted Answer

The term "standard of living" refers specifically to material well-being as measured by the quality of goods and services that can be purchased with a given level of income. It is a commonly used indicator of overall economic development and the well-being of a population.

The Term______________refers to Material Well-Being,which Is Measured by the Quality