Standard of Living Quiz

What is the definition of standard of living?

• The amount of money a person makes in a year

• The quality of life in a country based on GDP, literacy rate, and life expectancy

• The percentage of the population that can read and write

• The level of love and comfort in a country

What does GDP stand for?

• Gross Domestic Product

• Gross Development Process

• Global Distribution Program

• General Data Protocol

What does GDP per capita represent?

• The percentage of the population that can read and write

• The amount of money spent on goods and services

• The average income of a person in a country

• The total wealth of a country

What is literacy rate?

• The average life expectancy within a country

• The level of love and comfort in a country

• The percentage of the population that can read and write

• The average amount of money a person makes in a year

What is life expectancy?

• The average life span within a country

• The level of love and comfort in a country

• The percentage of the population that can read and write

• The average amount of money a person makes in a year

How do we determine standard of living using GDP, literacy rate, and life expectancy?

• Take the average of the three numbers

• Add the numbers together and divide by 3

• Rank each country based on each category and add the ranks together

• Multiply the numbers together and divide by the total population

What does the raw score represent in determining standard of living?

• The country with the highest standard of living

• The country with the highest GDP per capita

• The country with the worst standard of living

• The country with the lowest literacy rate

What is the highest factor in determining standard of living?

• GDP per capita

• Total wealth of a country

• Literacy rate

• Life expectancy

What is the lowest factor in determining standard of living?

• Literacy rate

• Life expectancy

• Total wealth of a country

• GDP per capita

What is the average income of a person in a country called?

• Total wealth of a country

• Life expectancy

• Literacy rate

• GDP per capita