Answered

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What does the concept of standard of living encompass?

A. Per capita income
B. Quality of life
C. Measure of production
D. None of the above

Please select the best answer from the choices provided.

Sagot :

GinnyAnswer

Final answer:

The term standard of living involves multiple elements, with GDP per capita serving as a basic measure, though not comprehensive.


Explanation:

Standard of living is a complex concept that encompasses various factors, with GDP per capita often being used as a rough indicator. However, it is acknowledged that per capita income alone cannot fully reflect the quality of life, which is influenced by health, education, human rights, and environmental factors.


Learn more about Standard of living here:

https://brainly.com/question/40698622


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