ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The higher the literacy rate, the higher the standard of living.
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The lower the literacy rate, the higher the standard of living.
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There is no relationship between the two.
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None of the above
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Detailed explanation-1: -Countries with a high literacy rate usually have a high GDP per capita. Nations with low GDP frequently have lower literacy rates since the people in that country have less access to education, and children often have to work to help support the family.
Detailed explanation-2: -Literacy rate is the literate population of the age group 7 years and above divided by the total population of the same age group.
Detailed explanation-3: –The literacy rate in the country depends upon the cost of education, the standard of living, the status of women in the society, availability of educational facilities and government policy, etc.-In general, the literacy rate of males is more than female with few exceptions.
Detailed explanation-4: -Definition: The proportion of the adult population aged 15 years and over which is literate, expressed as a percentage of the corresponding population, total or for a given sex, in a given country, territory, or geographic area, at a specific point in time, usually mid-year.