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QUESTION IMAGE

one factor that indicates a developed economys standard of living is it…

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.

Explanation:

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.

Answer:

high levels of education