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How does the literacy rate of a nation affect its standard of living?
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∙ 9y ago
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Wiki User
∙ 11y ago
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What is relationship between literacy rate and standard of living?
the literacy rate is the percent of people older than 15 that can read and write in a country. the standard of living is determining whether a nation's people are living in poverty, wealth, or middle class.
How do you measure standard of living between two nations?
HDI or Human development Index, Human Development Index takes into account Birth Rates, Life Expectancy, Adult Literacy Rates and GDP (Gross Domestic Produce) by using all of these, HDI is a number and the nation with the highest number had the highest standard of living.
What is the best measure of a nation's standard of living?
GDP per capita
How do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
Do economists measure a nation's standard of living?
Economists measure a nation's standard of living: by calculating GDP per person by calculating per capita income (the best indicator) by calculating average personal income.
How does population growth affect the standard of living?
The standard of living increases with the density of the population. A higher standard of living comes from an efficient division of labor and increased trade. When each member of a society is allowed to do what they can do with the greatest competitive advantage and freely trade the results of their labor and other resources with others who do the same it results in the highest possible standard of living. A larger population provides for a more efficient use of resources, including labor, by increasing the opportunity of trading what one does best for that produced by another. Examples of high population density with a lower standard of living, when found, can be explained by restrictions placed on the trade or interactions of the people.
What long term effects did the US reconstruction of Japan have on the nation?
High standard of living.
Which measures improvements in the standard of living in a nation?
Growth of real GDP per Capita
Why is literacy rate of a nation so important?
it isn't
Long term effect did the US reconstruction in Japan have on the nation?
A big effect was the high standard of living
Why is the standard of the living different in different countries?
As with individuals, nations have different amounts of wealth, and even if the wealth is fairly distributed, there will and is considerable differences in the standards of living among the several hundred nations in the world. As mentioned, regarding fairness of distribution, the standards of living can be different based on non subjective reasons. A nation that is rich in Natural Resources and can export these as well as use them internally to their best advantage will help lift the standard of living. A nation with a sound economic system will also help its standard of living. Another factor is the education level of a nations citizens. Generally the higher the level the higher the standard of living. A politically stable nation is best for a sound economy. Nations in the midst of civil strife and civil wars hurts its economy and helps lower its standard of living.
What was the result of the increased productivity in the 1950s?
Americans enjoyed a higher standard of living than any other nation.
