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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.
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Which of the followings results in an increase in the standard of living?

income increases, enabling consumers to buy more goods and services


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


Would you expect the standard of living to increase or decrease over time?

Increase


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.


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


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.


How can an country increase its standard of living?

They should probably put funds into more neccesary areas and increase tax.


How does competition and marketing work together to increase the nations standard of living?

Competition leads to innovation and the creation of improved products. Also, competition and marketing lead to decreased prices. Both these factors increase a nation's standard of living.


Why do some nations adopt command economies during war?

to increase the standard of living


What does an increase in the standard of living of the population mean?

i guess more water is required or somethin.


Which characteristic of the Gilded Age does Andrew Carnegie allude to in this passage?

An increase in the Standard of living

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