Even though the number of workers in manufacturing has increased in the post-war world (since 1947), the proportion of manufacturing workers in the total labor force has declined

Answer the following questions true (T) or false (F)

1. In the United States in 2016, over 90 percent of people without health insurance were below the age of 35. 2. On average, people in the United States spend a greater percentage of their income on health care than do people in most other countries. 3. Canada has a single-payer health care system in which the government provides national health insurance to all Canadian residents.

Which of the following statements best describes the relationship between GDP and standard of living?

a. GDP does not understate or overstate the standard of living. b. GDP may understate the standard of living. c. GDP may understate or overstate the standard of living. d. GDP may understate the standard of living.