The relationship between the cost of living and standard of living is
A.
A rise in cost of living gives a corresponding rise in standard of living
B.
A lower cost of living give a higher standard of living
C.
A lower cost of living give a lower standard of living
D.
None of the above
Correct Answer: Option B
Explanation
Cost of living is the amount of money individuals spent on consumption while the standard of living is the state of economic well being. Therefore, a fall in the cost of living leads to a rise in standard of living.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}