Answer:
Most people do not enjoy a high standard of living. The standard of living is the number of goods and services available to purchase in a country. Real Gross domestic product per capita and Gross National Income per capita are the two most common ways to measure the standard of living. Gross domestic product measures all transactions within a country's boundary, while Gross national income includes those who live abroad. If you have enough money in which you can buy your basic expenses or the things you want to buy, or if you can afford to buy your wants or needs then you can have a high standard of living.
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