Sapling Learning Which of the following statements connects the expenditure meas

Question

Sapling Learning Which of the following statements connects the expenditure measure of the gross domestic product (GDP) to economic well-being People who live in an economy with a high level of GDP tend to have access to better health and O education, which can lead to better economic well-being. People who live in an economy with a high level of GDP have virtually no economic inequality since they have a higher standard of living People who live in an economy with a high level of GDP have better air and water quality. People who live in an economy with a high level of GDP have a better quality of life which includes O living in an environment that has low crime, little traffic congestion, more open spaces, etc.

Explanation / Answer

People who live in an economy with a high level of GDP tend to have access to better health and education, which can lead to better economic well-being is the correct option

Education determines the earning capacity of a person which eventually determines the economic wellbeing. Similarly for a person with a better health status will have better economic well being. An economy that has a high level of GDP such as the developed nations, these economies spend more on education and health, which are the most important determinants of economic well-being.

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