Pages in this set

Page 1

Preview of page 1
Economics Homework

6 measurable statistics that give an indication of a country's standard of living (not including average income and
GDP). Standard of living refers to the level of wealth, happiness, comfort, material foods, and necessities available to
a certain socioeconomic class in a certain geographic area.

Human Development Index…

Page 2

Preview of page 2
Rising employment levels.
Greater business confidence.

Problems of using GDP per head statistics to make international living standards comparisons.

Official data on a nation's GDP tends to understate the true growth of real national income per capita over time due
to the expansion of the shadow (or underground) economy and…


No comments have yet been made

Similar Economics resources:

See all Economics resources »