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Why increase in national income affect increase in standard of living?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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An increase in the standard of living results from an increase in what?
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.Income
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
How do you increase the national income of a country?
More exports less inports
An increase in the standard of living results from an increase in what?
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.Income
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
How does standard deductions affect income?
It affects it because it deduces the income
What are some of the limitations of the national income account in how they represent your standard of living?
the limitation that effect national income is base standard of living in the country if the country have a good policy of economic definitely the standard of living will be balance
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
How do you increase the national income of a country?
More exports less inports
How do you increase national income of the country?
More exports less inports
How will inflation affect the future?
Your cost of living will increase, your real income will decrease.
When prices go down or income goes up there is an increase in what?
The Standard of Living - APEX :)
What is the difference between real national income and nominal national income?
Real national income : the actual quantity of goods and services produced. the standard of living depends very much on the quantities of goods and services produced. Nominal national income : the money values of total output, total factor incomes and total expenditure. national income is measured in this way.
