Answered

The United States is considered to have a high standard of living because:

A. Its citizens and businesses control a large amount of wealth.
B. It receives economic aid from many foreign countries.
C. It ties the value of its currency to gold and other precious metals.
D. Its businesses rarely have to pay taxes to the federal government.



Answer :

GinnyAnswer

Final answer:

The U.S. has a high standard of living due to its wealth distribution, access to necessities, and various contributing factors.


Explanation:

The United States is considered to have a high standard of living because:

  1. Americans control a large amount of wealth compared to the global population, with 23% of the world's wealth being in the U.S.
  2. Average Americans enjoy benefits such as small families, large homes, ample possessions, food, water, and medical care, which are not as common in many other parts of the world.
  3. The country's high standard of living is also influenced by factors like income, employment, literacy rates, mortality rates, poverty rates, and housing affordability.

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