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Which measures improvements in the standard of living in a nation?
Wiki User
∙ 11y ago
Growth of real GDP per Capita
Wiki User
∙ 11y ago
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What is the best measure of a nation's standard of living?
GDP per capita
How 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 was the result of the increased productivity in the 1950s?
Americans enjoyed a higher standard of living than any other nation.
What was one result of increased productivity in the 1950s?
Americans enjoyed a higher standard of living than any other nation.
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.
How does the literacy rate of a nation affect its standard of living?
yes
What are international improvements?
A internal improvements is a nation fixes cards
What is the best measure of a nation's standard of living?
GDP per capita
How 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.
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 long term effects did the US reconstruction of Japan have on the nation?
High standard of living.
Long term effect did the US reconstruction in Japan have on the nation?
A big effect was the high standard of living
What is relationship between literacy rate and standard of living?
the literacy rate is the percent of people older than 15 that can read and write in a country. the standard of living is determining whether a nation's people are living in poverty, wealth, or middle class.
What are the three points of the American system?
A pre-civil war set of measures designed to unify the nation and strengthen its economy by means of protective tariff's, a national bank, and such internal improvements as the development of a transportation system
Why is the standard of the living different in different countries?
As with individuals, nations have different amounts of wealth, and even if the wealth is fairly distributed, there will and is considerable differences in the standards of living among the several hundred nations in the world. As mentioned, regarding fairness of distribution, the standards of living can be different based on non subjective reasons. A nation that is rich in Natural Resources and can export these as well as use them internally to their best advantage will help lift the standard of living. A nation with a sound economic system will also help its standard of living. Another factor is the education level of a nations citizens. Generally the higher the level the higher the standard of living. A politically stable nation is best for a sound economy. Nations in the midst of civil strife and civil wars hurts its economy and helps lower its standard of living.
What was the result of the increased productivity in the 1950s?
Americans enjoyed a higher standard of living than any other nation.
What was one result of increased productivity in the 1950s?
Americans enjoyed a higher standard of living than any other nation.
