The economic well-being of people living in a country is termed A. standard of living
B. high per capita income
C. developed economy
D. buoyant economy
Question & Answer
The economic well-being of people living in a country is termed
1 Answer
Verified archiveThe correct answer is A. standard of living.
The standard of living refers to the economic well-being of people in a country, indicating their quality of life based on factors such as income, employment, class disparity, poverty rate, and housing affordability. High per capita income (B) can be a component of a high standard of living but does not fully encompass the overall economic well-being of the population.