One factor that indicates a developed economy’s standard of living is its A. growth in outsourcing rates.
B. strong social connections.
C. high levels of education.
D. low GDP per capita.
One factor that indicates a developed economy’s standard of living is its
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The correct answer is C. high levels of education.
A developed economy typically has a high standard of living, which is closely linked to the overall education level of its population. Higher education levels often lead to better job opportunities, increased income, and improved quality of life, all of which contribute positively to the standard of living. In contrast, the other options either do not indicate economic development or reflect lower standards.