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How can economists compare the standards of living in different countries?

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


What is the standarding of living?

what is the living standards of Hawaii


How is the cost of living in Delhi compare to Bangalore?

How is the cost of living in Delhi compare to Bangalore?


What has raised standards of the living in the Baltic republics?

Dairy farming,beef production,fishing, and shipbuilding has raised standards of living in the baltic rebublics


Is it true that a general decrease in people's discretionary income will lead to a decrease in cost of living and living standards?

A general decrease in discretionary income generally leads to a decrease in living standards.


What are living standards like for japan?

Bad


Have living standards improved at all?

yes


What does living standards mean?

How much comfort you have


Which country had the highest living standards in Europe in the mid-seventeenth century?

The Dutch (or Netherlands) had the highest standards of living in the mid 1600's in Europe.


Is it always healthy to live by your own standards or values and not by the standards of others?

Your living your life, not others'


Is Saint Lucia a country?

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.