One factor that indicates a developed economy’s Standard of living is its
A. High levels of education.
B. Low GDP per capita.
C. Growth in outsourcing rates.
D. Strong social connections.
Answer:- B. Low GDP per capita.
One sign of a good living standard in advanced economies is their GDP per person. Countries with big GDP per person usually have better living conditions because they can give people many things and services. But, GDP per person alone cannot measure income inequality. Other key measures are the Human Development Index, buildings, health care, education and helpful programs for society (Casestudyhelp.net, 2024). In a well-developed economy, people usually have good scores on these issues. This means they can get the resources needed to live healthy and satisfying lives.
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