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Question

Standard of living is measured by __________.

A
HDI
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B
FDI
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C
FBI
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D
CBI
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Solution

The correct option is A HDI

A standard of living is the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area. The standard of living includes factors such as income, gross domestic product, national economic growth, economic and political stability, political and religious freedom, environmental quality, climate, and safety. The standard of living is closely related to quality of life.It is measured by HDI.


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