Single Answer MCQ
Q-00015655
Which statistic would most likely indicate higher living standards in a country?
1
High total income with large disparities
2
High average income with low income inequality
3
Low average income with high economic growth
4
Total income matching population size
Answer and Solution
Answer
B. High average income with low income inequality
Solution:
High average income alongside low inequality suggests resources and wealth are distributed more evenly, indicating better living standards.
Watch Video Solution