What is the term for the amount of goods and services people can buy w

QUESTION

What is the term for the amount of goods and services people can buy with the money they have?

A) quality of life
B) happiness
C) standard of living
D) consumer sentiment
E) social benefit

 

ANSWER

Answer: C
Explanation: C) Standard of living is one component of the overall measure of a society’s quality of life.

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