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They should probably put funds into more neccesary areas and increase tax.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoIncrease productivity
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An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
How does the real exchange rate work with standard of living of a country.If the standard of living of a country is more compared with other country how can it be termed interms of real exchange rate?
The real Exchange rate excludes the effects of inflation in the increase in exchange rate so if there is a lot of difference between real and nominal (real << nominal) the standard of living is deteriorating in the country.
Does the increase in the GNP reflect the standard of living and economic welfare?
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
How can automobiles be used to measure a country's standard of living?
No we cannot measure the living standard of any country through the use of automobiles.
What causes Deflection?
the main causes of the inflation is increase in the percapita income and this results in increase in the standard of living of the people .. and the other one is increase in the percapita income in our country
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
How does the real exchange rate work with standard of living of a country.If the standard of living of a country is more compared with other country how can it be termed interms of real exchange rate?
The real Exchange rate excludes the effects of inflation in the increase in exchange rate so if there is a lot of difference between real and nominal (real << nominal) the standard of living is deteriorating in the country.
A country standard of living may decline?
well, if you mean: "Can a country's standard of living decline?" then in answer to that question i would say yes, a country's standard of living can decline, anything can get worse no matter what it is
Would you expect the standard of living to increase or decrease over time?
Increase
Which country has the lower standard of living Romania for the US?
Romania has a lower standard of living.
Does the increase in the GNP reflect the standard of living and economic welfare?
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
How can automobiles be used to measure a country's standard of living?
No we cannot measure the living standard of any country through the use of automobiles.
What is Kenyan's standard of living?
The Standard of Living in Kenya is the 147th highest in the world. It is considered a developing country. Its standard of living is comparable to that of Bangladesh and Haiti.
When either prices go down what is there an increase in?
the standard of living
How would you expect the standard of living to do over time?
Increase
