Question

1. How can you identify the economic status of one’s family?

2. Are rich people really happy because they have everything? Are poor people really sad because they don’t have anything? Explain your answer.​

Answer 1

Explanation:

1) we can identify the economic status of the family by just measuring two things

->THE EXPENDITURES OF THEIR FAMILY

->AND THE MONEY USED ON FOOD

BY THE GIVEN WAY THE WORLD BANK HAD DECIDED TO MAKE A PURCHASING PARITY

AS

$1.90......

2)ACCORDING TO A REPORT OF THE FRANCIS MANTRIS COMMITION 1986 TGEY CONDUCTED A FAIR TO DECIDE WHETHER A RICH/POOR PERSON IS HAPPY OR NOT

IT WAS FOUND THAT A POOR PERSON IS MUCH HAPPIER THAN A RICH PERSON BECAUSE HE HAS NOT TO SUFFER FROM ALL THE SUFFERINGS THE POOR SUFFERS.......