ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Israel’s GDP per Capita is about $35, 000 while Turkey’s is about $20, 000. Which country more than likely has a higher standard of living?
A
Israel
B
Turkey
C
Saudi Arabia
D
Not enough info to answer the question
Explanation: 

Detailed explanation-1: -Which answer choice BEST compares the economies of Israel, Saudi Arabia, and Turkey? Saudi Arabia has a larger private sector than Turkey and Israel.

Detailed explanation-2: -<p>99% of Israeli adults can read and write.</p> When a country invests in new machinery, technology, and factories, it is increasing its: Natural resources.

Detailed explanation-3: -Today, Turkey is by far the largest economy in the Middle East, and it rates as 65% free and 35% command.

Detailed explanation-4: -The higher the literacy rate, the higher the standard of living. The level of wealth, comfort and material goods enjoyed by a class, a group of people, country, or an individual. People or countries with a high standard of living usually have a high literacy rate.

There is 1 question to complete.