ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A country with a high literacy rate is most likely to have a low standard of living.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -It can be also used as a proxy instrument to see the effectiveness of education system; a high literacy rate suggests the capacity of an education system to provide a large population with opportunities to acquire literacy skills.

Detailed explanation-2: -State of Literacy Around the World Burkina Faso (38%), Niger (19%) and South Sudan (32%) are the countries with the lowest literacy (CIA World Factbook).

Detailed explanation-3: -Canada has emerged the most educated country in the world in 2022 and the country has a literacy rate of 60 Percentage, according to OECB data. Almost 89 percentage of people in Canada have managed to get secondary education.

Detailed explanation-4: -The literacy rate of a country affects its economic development greatly. The more literate citizens a country has, the greater is its economic development. People who are literate can more easily develop skills that will help them in the workplace and will help them find and keep jobs, so they can spend money.

There is 1 question to complete.