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Homework answers / question archive / 1) Explain what is meant by the term "standard of living

1) Explain what is meant by the term "standard of living

Sociology

1) Explain what is meant by the term "standard of living." 2. Offer an example of a country with a high standard of living and a country with a low standard of living. What is the primary way in which economists measure standards of living for each country that you identified?

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