ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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can read & write
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material comfort
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educated & skilled
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pays a higher salary
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standard of living
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Detailed explanation-1: -The generally agreed upon measure for standard of living is the real gross domestic product (GDP) per capita of a country. Because GDP is the total value of goods and services produced by a country, when overall productivity increases, GDP per capita also increases –-This results in a standard of living boost.
Detailed explanation-2: -Economic growth is the engine of progress and the primary driver of innovation, which improves living standards and boosts overall human flourishing. Never before has the average person lived a longer life or with higher living standards.
Detailed explanation-3: -Foster a more educated workforce. Create, invest in, and apply new technologies. Adopt fiscal policies focused on investment, including investment in human capital, in technology, and in physical plant and equipment. Create stable and market-oriented economic climate. More items