(GDP) Gross Domestic Production
GDP per capita is generally lower, and poverty rates are generally higher, in countries with lower standards of living.
yes
The Dutch (or Netherlands) had the highest standards of living in the mid 1600's in Europe.
Lots of different factors, but per capita income can give a rough indication of people's standards of living. But basically every aspect of your life needs to be measured to produce a completely accurate measurement.
Increase productivity
GDP per capita is generally lower, and poverty rates are generally higher, in countries with lower standards of living.
what is the living standards of hawaii
what is the living standards of Hawaii
How is the cost of living in Delhi compare to Bangalore?
Dairy farming,beef production,fishing, and shipbuilding has raised standards of living in the baltic rebublics
A general decrease in discretionary income generally leads to a decrease in living standards.
Bad
yes
How much comfort you have
The Dutch (or Netherlands) had the highest standards of living in the mid 1600's in Europe.
Your living your life, not others'
No, it is not. It does have a small economy compared to much larger countries though due to it's very small physical size. Living standards are quite high throughout the island too.