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Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
Wiki User
∙ 9y ago
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
Wiki User
∙ 9y ago
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What is the traditional view of economic development?
capacity of national economy, whose economic condition has been more or less static for a long time, to generate and sustain an annual increase in its gross national income rates of 5% to 7% or more. (Thirhwall 2006)
Will national healthcare increase the federal deficit?
Yes, national healthcare simply increase the federal deficit. I guess that that's just reality
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What is an increase in national income is a necessary but not a sufficient condition for a rise in people standard of living' discuss?
YES, this is because the incomes are not use judiciously for social amenities that can benefit the public, (People living in the country) and the is caused by corruption.
How much is a February 1953 national geographic worth?
The value of a February 1953 National Geographic magazine can vary depending on its condition, rarity, and demand among collectors. On average, a copy in good condition may be worth around $10-$30. However, certain factors such as special editions, notable articles, or specific covers can increase the value.
What is the traditional view of economic development?
capacity of national economy, whose economic condition has been more or less static for a long time, to generate and sustain an annual increase in its gross national income rates of 5% to 7% or more. (Thirhwall 2006)
Will national healthcare increase the federal deficit?
Yes, national healthcare simply increase the federal deficit. I guess that that's just reality
In 1916 thhe US voted an increase in spending for national what?
National Defense
What is the increase in national power known as?
Centralization
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
What Act was passed to improve and increase national defense in 1956?
The act that was passed to improve and increase national defense on 1956 was the National Defense Education Act, or NDEA. It was inaugurated by President Dwight Eisenhower, and it aimed to increase technical sophistication and power of the US.
What are the necessary conditions for nationalism to develop?
A national crisis.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
Should the national park service be capitalized?
No. It's not necessary.
