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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.

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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.


What does a standard of living measure?

A standard of living measure is the economic position of the individual.


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.


To improve its standard of living a nations economy must?

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Overall quality of life


What is the basic measure of developing countries?

A low standard of living.


Explain why economists argue that productivity is important?

The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.


What is the standard of living in Morocco?

Morocco has a moderate standard of living compared to Western countries. The cost of living is relatively low, but income disparities exist between urban and rural areas. Access to healthcare, education, and infrastructure can vary depending on location.


Why do some nations adopt command economies during war?

to increase the standard of living


Why do most nations in Western Europe have a higher standard of living?

it started the Industrial Revolution.


Does Slovenia have a lower standard of living than the other Balkan nations?

No, it's higher.No!


What is the standard size of a living room window?

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