Standard of Living vs Quality of Life

A measure of wealth, basic needs and material comfort a person has access to is

• Quality of Life

• Economic Growth

• Standard of Living

• Economic Development

The degree to which an individual is healthy, comfortable, and able to participate in or enjoy life events

• Quality of Life

• Economic Growth

• Standard of Living

• Economic Development

Which of the following measures standard of living?

• GDP

• Life expectancy

• Diet and Nutrition

• Freedom and Justice

"A monetary measure of the market value of all the final goods and services produced and sold in a specific time period by a country’s citizens" is known as ...

• GDP

• GNP

• GNI

• GDP per capita

What does Life Expectacy measure?

• Education

• Wealth

• Health

• Equality

Which of the following refers to how comfortable, safe, happy, and healthy people are?

• Gross Healthcare Quality

• Quality of Existence

• Quality of Life

• Human Development Index

High levels of GDP per capita indicate...

• Higher levels of happiness 

• Higher standard of living

• Equal levels of wealth

a measure of how well people live, based on their wealth and how much "stuff" people have

• standard of living

• quality of life

• income inequality

Which of the following economic indicators is the total sum of all products produced and sold within a countries border in a given year?

• GDP

• Unemployment

• Inflation

• None of the above

Can standards of living vary within a single country?

• No

• Yes