Final answer:
The relation between literacy rate and standard of living is a positive correlation, where increases in literacy rate are associated with improvements in the standard of living.
Step-by-step explanation:
The correlation between literacy rate and standard of living is typically a positive correlation. This means that as the literacy rate in a population increases, the standard of living also tends to increase, as higher literacy rates are associated with better educational and employment opportunities, leading to higher income and quality of life. Conversely, lower literacy rates are often linked to lower income and poorer quality of life, as individuals may struggle to access well-paying jobs and educational opportunities.
Literacy rate is a social indicator used to measure the level of a nation's development, which also includes factors such as life expectancy and infant mortality rate. A higher literacy rate reflects a higher quality of life and is indicative of a nation’s prosperity and social well-being. Therefore, understanding this relationship is crucial for governments and policy makers when designing educational programs and initiatives aimed at improving the literacy rate, as it has a direct impact on the nation's overall development and standard of living.