The standard of living reflects the quality and quantity of goods available to a nation's population.

Question

Quizplus · Accepted Answer

The statement is true. The standard of living is a measure of the level of comfort, material goods, and wealth available to a population. It includes factors such as income, education, healthcare, and access to basic necessities such as food, water, and housing. The higher the standard of living, the better the quality of life for the population.

The Standard of Living Reflects the Quality and Quantity of Goods