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i think that a trade barrier is one thing that affects the country's standard of living. They are quota, embargo, regulation/standard, susbsidy, and tariff. They make the living standar dlower or higher depending on what happens with the trade. thats all i know but i dont know how much of it is right.
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∙ 12y ago
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What is the GDP used for?
GDP stands for Gross Domestic Product. It is the sum of consumption, investment, government spending, and net exports. It is used to determine the standard of living of a given country. Typically, the higher the number, the better the standard of living is in that country.
What are the weakness of national income in comparing standard of living for the two countries?
different currencies hereby gross domestic product does not tell us about blackmarkerts making income illegally
What does an HDI number tell us about a country and its economy?
nothing
What does GDP tell us about a country's economy?
GDP tells us about our country's economy by telling us the total money value of all final goods and services that is produced in an economy over a period of time.
Is the UK a developing country?
The U.K. is classed as a developed country because the standard of living is good, we have a free society and we are technologically aware. Compared to a third world country or undeveloped country where the standard of living is low, food and water are scarce and where some laws could easily violate our basic human rights. You can infer that we have the better system and that most of this is because of commerce and the wealth we possess. The Romans were the first people to conquer us and with them they brought a real sense of cohesion in society and diplomacy that allowed us to resolve conflicts without violence. Unfortunately today things aren't as civilised as they were a decade or two ago. There are more freedoms but those freedoms give rights to those who wish to abuse our system and deprive others of their rights.
Which country has the lower standard of living Romania for the US?
Romania has a lower standard of living.
Is the country of Chad's standard of living higher or lower of that of the US?
lower
Did immigrants standard living improve by coming to the us?
Most immigrants looking for freedom of religion/speech, a better way of life, and a better justice system, all found a better standard of living by coming to the US. Immigrants are generally happier in the US than they were in their country of origin.
What is the Standard of Living of the US?
The standar
What is the GDP used for?
GDP stands for Gross Domestic Product. It is the sum of consumption, investment, government spending, and net exports. It is used to determine the standard of living of a given country. Typically, the higher the number, the better the standard of living is in that country.
Assembly lines and mass production have dramatically changed the standard of living for most people in the US Which statement best reflects this change?
Mass production makes goods more available for consumers, thus raising the standard of living in the country.
What does the standard deviation tell us about the mean?
The standard deviation tells us nothing about the mean.
Which place is more expensive - Germany or Switzerland?
Switzerland due to its extremely high standard of living. Germany has an excellent standard of living, comparable to the US, but Switzerland's living standard is higher.
How did the US recover after the war?
The US was the only country in the world that came out of WWII with an improved standard of living. In effect the US had sucked the British Commonwealth of its wealth as the price of industrial support for the war effort.
What is the standard of living in Sudan?
Saudi Arabia is an important country in Middle East. It has an oil based economy which has helped people in Saudi Arabia to maintain a significantly high standard of living. Saudi Arabia's average annual income of 93,472 US dollars in one of the highest in the GCC region.
Is Norway better than the US in standard living?
Yes, Norway is the second best country in the world next to Iceland according to the World Health Organization
Which has a lower standard of living Romania or US?
This is of course Romania.
