Standard of Living is one of 9 topics in the Grade 8 Economic and Management Sciences CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. What does "standard of living" describe?
How comfortable, healthy and secure a household's daily life is
The exact amount of tax a household pays each year
The number of businesses in a household's local area
How many years a household has lived in one house
Answer: How comfortable, healthy and secure a household's daily life is — Standard of living describes how comfortable, healthy and secure a person's or household's daily life is, based on things like income, housing, food, healthcare, education and safety.
Medium
2. Is standard of living only about how much money a household earns?
No, it also depends on things like access to services and how many people the income supports
Yes, income is the only factor that matters
No, standard of living has nothing to do with income at all
Yes, but only for households living in cities
Answer: No, it also depends on things like access to services and how many people the income supports — Standard of living is not only about income: two households with similar incomes can have very different standards of living depending on factors like household size and access to services.
Easy
3. Name ONE factor, other than income, that affects a household's standard of living.
Answer: housing — Standard of living depends on factors like income, housing, food, clean water, healthcare, education and safety.
