What do we call the quality and quantity of goods and services available to a population?
A) economic growth
B) entrepreneurship
C) quality of life
D) standard of living

Question

Quizplus · Accepted Answer

The standard of living refers to the level of wealth, comfort, material goods, and necessities available to a population. This includes both the quality and quantity of goods and services available. Economic growth and entrepreneurship contribute to the overall standard of living, but they specifically refer to the increase in economic output and the ability to create new businesses and ideas respectively. Quality of life is a broader term that includes factors such as healthcare, education, and social conditions in addition to the standard of living.

What Do We Call the Quality and Quantity of Goods