How does literacy rate affect the standard of living in latin america?

a) literacy rate does not affect the standard of living.

b) high literacy rates lead to a low standard of living.

c) a literacy rate the people to become bilingual.

d) an increase in literacy rates can lead to a higher standard of living.

The answer is: D. An increase in literacy rates can lead to a higher standard of living

Literacy rates affect how well people would be able to learn new and a more advanced skills. This mean that higher literacy rates would give the countries in latin america more high-skilled labours.

The more high-skilled labours that a country have, the more efficient the production that they can do, leading up to an increase in GDP and higher standard of living for people in that area.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.