Final answer:
The subject is Social Studies and the topic is the correlation between wealthier nations and their Subjective Well-Being (SWB). Wealthier more-developed nations generally have a higher standard of living compared to less-developed countries. Various indicators like per-capita GDP, health, education, and trade patterns are used to compare global standards of living.
Step-by-step explanation:
The question pertains to the correlation between wealthier nations and their Subjective Well-Being (SWB). Studies, such as the one by Diener et al. (2010), suggest that material prosperity, often measured as GDP per capita, predicts life evaluations, meaning the higher the wealth of a nation, the higher the reported SWB. However, this does not account for positive feelings, which are better predicted by psychosocial prosperity.
More-developed nations, like Canada, Japan, and Australia, typically have higher wealth and a smaller population growth rate, which is often reflected in a high standard of living. In contrast, less-developed nations with high populations, such as those in central Africa and South America, tend to have less wealth and face more challenges in distributing resources efficiently.
When comparing the standard of living globally, several factors can be considered. These include per-capita GDP, health statistics, levels of education, access to resources, and established patterns of international trade. Nations exhibit varying levels of these indicators, often correlating with their economic development and resulting in different standards of living.