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
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.
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.
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.
More exports less inports
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
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.
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.
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.
It affects it because it deduces the income
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
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
More exports less inports
More exports less inports
Your cost of living will increase, your real income will decrease.
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.
The Standard of Living - APEX :)