Which Statement Is True with Regard to the Standard of Living

Multiple Choice

Which statement is true with regard to the standard of living?

A) It is dependent on the size of the city in which one lives.
B) It is comparable for every citizen in every country.
C) It is the amount and quality of goods and services that people can buy with their money.
D) It is improved when high-end stores stock expensive merchandise.
E) It is unaffected by business productivity.