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  2. Examples of material living standards include:
    • The car we drive
    • The house we live in
    • The food we eat
    • Income
    • Gross domestic product (GDP)
    • Life expectancy
    • Economic opportunity12.
    Learn more:
    Material living standards refer to our access to physical goods and services. The car we drive, the house we live in and the food we eat are all examples of physical possessions that contribute to our material living standards.
    www.oup.com.au/__data/assets/pdf_file/0026/5815…
    The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity.”
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