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Economic development refers to the improvement in a country’s: A. Housing and infrastructure.  B. Standard of living for all its people.  C. Average wealth.  D. Income.

Question

Economic development refers to the improvement in a country’s: A. Housing and infrastructure.  B. Standard of living for all its people.  C. Average wealth.  D. Income.

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Solution

Economic development refers to the improvement in a country's standard of living for all its people. So, the answer is B. Standard of living for all its people.

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