Explain which elements are considered when measuring a country’s standard of living. Write your response in complete sentences.

Answer:

Responses may vary but should include some or all of the following information: A country’s standard of living is decided after measuring several different factors. A country’s wealth can be determined by the average income per person along with the country’s total GDP. The availability and quality of provided healthcare, along with life expectancy statistics, are used to determine the living conditions within a country. The literacy rate and the number of students in schools reveal the percentage of educated people within a country. Finally, a look at the country’s infrastructure can reveal the percentage of people receiving electricity and phone service. All of these factors are used to determine the standard of living within a country.