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Life involves many things, and a standard of living cannot be measured by one measurement. The most essential elements of a standard of living would be the quality of food, housing, education, and medical care. If I wanted to take a quick snap-shot of a standard of living, I would start with housing. Even that is not just one thing, however. It involves several important elements. You would want to assess the amount of space per person, the security or durability of the housing structure, the availability and reliability of both Plumbing and electricity, as well as the comfort, appearance, and convenience of the housing in many other respects.
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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.
Which kind of economic system is best for raising a country's standard of living?
it would be
What is the best measurement for comparing the standard of living between two countries?
The best measurement for comparing the standard of living between two countries is the GDP in conjunction with the economic growth. GDP stands for Gross Domestic product.
How is a method chosen for measuring National Income?
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
What is the best measure of a nation's standard of living?
GDP per capita
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.
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 is the best way to measure my kids feet?
use a measuring measure,like the one for clothes measuring
A balance would be the best tool for measuring what?
A balance is the best tool for measuring mass.
What would be best for measuring a bed?
a tape measure
Which is the best unit for measuring the amount of water in a drinking glass?
The best unit of measure to use when measuring the amount of water in a drinking glass is ounces. A liquid measuring cup can be used to measure the ounces of water.
What is the best tool to use when measuring windows?
A carpenter's measuring device usually a tape measure that is retractale and one can measure in small increments.
What is the best tool to measure a desk?
It depends which property you are measuring. For linear dimensions a tape measure would be best
What to use when measuring your foot?
A tape measure is probably best.
Which tool would be best for measuring the length of a picnic table?
a tape measure
Which is the best for measuring the length of a pencil gallons inches miles or yards?
The best unit for measuring the length of a pencil is inches.
