The main reason that the United States has such a high standard of living is
A)low unemployment.
B)high average labor productivity.
C)low inflation.
D)high government budget deficits.

Question

Quizplus · Accepted Answer

High average labor productivity is the main reason for the high standard of living in the United States. This means that each worker produces a high level of output, resulting in greater economic output and higher incomes. Low unemployment, low inflation, and high government budget deficits may also contribute to a good economic environment, but they are not the main reason for the high standard of living.

The Main Reason That the United States Has Such a High