Standard of living measured by GDP per capita

Steps:

• Recall that standard of living is typically assessed using GDP per capita, reflecting average income and economic wealth.
• Compare approximate GDP per capita: Bangladesh (~$2,700), Bhutan (~$3,500), Botswana (~$7,700), Brunei (~$30,000).
• Identify Brunei as having the highest value due to oil exports.
• Conclude Brunei offers the highest living standards based on this metric.

Why D is correct:

• Brunei's GDP per capita exceeds $30,000, driven by oil and gas reserves, aligning with the economic definition of high standard of living as access to goods, services, and opportunities.

Why the others are wrong:

• A. Bangladesh has low GDP per capita (~$2,700) from agriculture and textiles, indicating poverty and limited services.
• B. Bhutan prioritizes Gross National Happiness over growth, with low GDP per capita (~$3,500) and rural isolation.
• C. Botswana benefits from diamonds but has moderate GDP per capita (~$7,700), facing inequality and HIV challenges.

Final answer: D