ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reading and writing have nothing to do with how you live.
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Lower standard of living causes low literacy rate
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Low literacy rate decreases the standard of living
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High literacy rate decreases the standard of living
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Detailed explanation-1: -The higher the literacy rates the lower the standard of living.
Detailed explanation-2: -Literacy rates are positively correlated with standard of living. Explanation: (most) Countries with higher standards of living show a higher literacy rate and countries with lower standards of living show a lower literacy rate. So there is a positive correlation between the standard of living and the literacy rates.
Detailed explanation-3: -After classifying the effective literacy status by poverty, it is found that the effective literacy rate among the districts from lowest wealth tertile was 66.1% compared to 80.7% among the districts from higher wealth tertile.
Detailed explanation-4: -Increased literacy stimulates economic growth by raising labor productivity, and as the economy grows, people consume more education. Which of the following factors contribute to economic growth?
Detailed explanation-5: -Literacy plays a large part in determining the economic growth of a nation because it improves the human capital of a country. Since human capital is one of the major factors of production, a country’s economic growth is largely dependent on how literate its human capital is.