Question

How do indicators relate to standard of living?

Indicators are determined by standard of living.
Indicators create standard of living.
Indicators comprise the measure of standard of living.
Indicators measure standard of living.

Answer 1

Just took test the correct answer is C. Indicators compromise the measure of standard living.

Answer 2

The correct option is this: INDICATORS MEASURE STANDARD OF LIVING.

The standard of living of people in a particular country refer to the amount of wealth or comfort ability that is available to them. The indicators of standard of living are those factors that are used to measure the standard of living of a particular country. The principal indicator that is used in economics to measure the standard of living is real GDP per capita. GDP stands for the Gross Domestic Product of a country.