You are purchasing a new home. You complain to your grandmother that the house is only 2,600 square feet. She points out that this is twice the size of the average house when she was buying her first home 50 years ago. Your grandmother's point is that you have experienced

Question

Quizplus · Accepted Answer

Your grandmother is highlighting that you have experienced absolute mobility, which refers to the overall improvement in living standards or economic condition over time. In this case, the fact that the size of homes has generally increased, allowing you to purchase a home twice the size of what was average 50 years ago, illustrates an improvement in living standards.

You Are Purchasing a New Home