Question

Jerri lives in a 2-story home in a wealthy neighborhood, drives a brand new sports car, and makes over $250,000 per year. It can be said that Jerri has a high _____. A. budget B. cost of living C. stage of life D. standard of living

Answer 1

It can be said that Jerri has a high standard of living, compared to normal.

Answer 2

Answer:

standard of living

Explanation:

The methodology for framing how groups with different financial budgets survive is called the standard of living.

The standard of living is a way of characterizing the quality of life of the people provided by your income. People with a lower income, have a modest standard of living, not having access to good housing, transportation and consuming goods and services of lower cost and quality. People with a high standard of living, such as Jerri, usually have a comfortable life with access to the best quality goods and services - which cost more.