Asked by Alfred Lopez on Apr 26, 2024
Verified
The amount of unemployment that a country typically experiences is a determinant of its standard of living.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a person, group, or nation.
- Recognize the elements influencing a nation's living standards, such as levels of employment.
Verified Answer
TD
Talayah DolemanMay 01, 2024
Final Answer :
True
Explanation :
The level of unemployment in a country is a key indicator of its economic health and directly affects its standard of living, as higher unemployment rates can lead to lower income levels, reduced consumer spending, and increased poverty rates.
Learning Objectives
- Recognize the elements influencing a nation's living standards, such as levels of employment.