QUESTION IMAGE
Question
one factor that indicates a developed economys standard of living is its
low gdp per capita.
growth in outsourcing rates.
high levels of education.
low gdp per capita.
strong social connections.
Brief Explanations
To determine the factor indicating a developed economy's standard of living, we analyze each option:
- "low GDP per capita" is incorrect as developed economies have high GDP per capita.
- "growth in outsourcing rates" is not a direct indicator of standard of living.
- "high levels of education" is a key indicator of a developed economy's standard of living, as education contributes to human capital and overall well - being.
- "low GDP growth per strong social connections" is an incorrect and unclear statement; developed economies typically have stable or growing GDP, and social connections are not a primary economic standard - of - living indicator.
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