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.
Explanation: The standard of living refers to the level of wealth, comfort, and access to goods and services that people in a particular country enjoy. It encompasses various factors, including income, employment, class disparity, poverty rate, and housing affordability, which collectively define the economic well-being of its residents.