WORLD HISTORY

Detailed explanation-1: -A low standard of living, on the other hand, indicates that people in a society are more likely to experience poverty, poor health, and limited opportunities. This also has implications for the economy, as a low standard of living can lead to a decrease in productivity and an increase in inequality.

Detailed explanation-2: -Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Detailed explanation-3: -High standard of living results in more demand for comfort and luxury products, whereas a low standard of living less demand for comfort and luxury products. It is based on both the quality and quantity of the available goods and services and how they are distributed among the population.

Detailed explanation-4: -The correct answer is Per capita income. The generally accepted measure of the standard of living is GDP per capita or Per capita income.

Detailed explanation-5: -With a higher base, revenue from taxes can be used to increase public services and used in areas such as health, education and transportation. All these services improve the level of comfort for residents. Economic growth leads to more residents and more cultural diversity.