List 5 criteria that YOU feel influence one’s standard of living, with a brief (one or two sentences) explanation as to why.

To me, one of the more important aspects of studying macroeconomics has to do with how it influences standards of living throughout the world. What I would like you to do for this assignment is to list 5 criteria that YOU feel influence one’s standard of living, with a brief (one or two sentences) explanation as to why. There are no right or wrong answers for this assignment, and I plan on taking your answers and presenting them collectively to the class (without identifying who wrote them).

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