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.
High levels of education indicate a developed economy’s standard of living because education enhances individuals’ skills and knowledge, leading to better job opportunities, higher incomes, and overall improved quality of life. In contrast, low GDP per capita and other options like outsourcing rates or social connections do not directly measure living standards as effectively as education levels do.