Define standard of living and summarize in your own words the relationship between standard of living, cost of living, and stage of life.

Standard of living refers to the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or geographic area. Cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. Stage of life refers to the different phases of life that all individuals pass through in a normal lifetime.

7.25

step-by-step explanation:

we know that 7 equals to 7.0. we also know that 1/4=0.25. so we can add the two together and we get 7.25