Which of the following changes would lead to a higher living standards?

Question

Quizplus · Accepted Answer

A higher saving rate means more investment, which can boost productivity and lead to higher living standards. A lower population rate can allow for more resources per capita, also contributing to higher living standards. However, a higher population rate may strain resources and decrease living standards. Higher productivity means producing more output with the same resources, which can lead to higher living standards. Therefore, choice D is the best option.

Which of the Following Changes Would Lead to a Higher