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Distinguish between low level of living and low per capita income?
Wiki User
∙ 10y ago
can low level living exist simultaneously with high levels of per capital income? and give examples
Wiki User
∙ 10y ago
Anonymous
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What is the difference between social values and social norms and give an example of each?
social norms are behavioural standards acted by the member of a society which are conformed on him. they are the rules of living in a society. social values are the standards by which a person distinguish between right or wrong, and true or false.
What is the minimum income needed to support a household?
the standard of living
What are the problems when comparing living standards in developing countries and living standards in developed countries?
Developed Countries- have a high per capita income, a lot a money and wealth, varied economy, high GDP, low infant mortality ratesLess Developed Countries/Developing Countries-have a poor government, low GDP, limited government, low levels of education, high infant mortality rates, very little money
What was the main reason for poor living conditions in cities?
In cities, poor living conditions can be due to a low income in the areas.
What best describes most lower-income people living in cities?
They lived in tenements and worked in factories.(OW)
Difference between low levels of living and low per capita incomes?
The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.
Disadvantages of using per capita income to measure standard of living?
One disadvantage of using per capita income to measure standard of living is that the average doesn't really account fluctuations in standard of living between very rich and very poor. This difference can be huge, but a per capita can make it appear small.
Is GDP a good measure of standard of living?
Real national income when divided by population gives real per capita income,which is an indicator of standard of living.Therefore,national income statistics can be used to compare standard of living between countries and over time.However,there are some obvious snags of using national income statistics.Standard of living is not solely determined by real per capita income.It also depends on oter factors like leisure hours,hours of travel,amount of negative externalities and many more.
Which Canadian province or territory has the highest per capita income?
The Northwest Territories has the highest per capita income in Canada. This is due to factors such as the lucrative mining industry, high-cost of living, and availability of well-paying jobs in sectors like oil, gas, and government.
How the per capita income of a country is measured?
Per capita income is the income a person living in a country would hypothetically make if all the country's wealth was divided equally among each individual. This value is determined by taking the total personal income of the population (determined by census and estimation) and dividing by the total population.
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.
Advantages of using per capita income to measure standard of living?
One of the advantages of using per capita to measure a standard of living is that this gives you the average per person. In this way, one can still guess what the greater and lesser living expense is while still understanding the mean expense.
Features of a developing country?
Developing countries are mostly those which have moderate per capita income, standard of living is low and not much industrialized.
What is the standard of living for most people in India?
In India, most people are lower middle class. It is due to low per capita income.
Which are included in a country's Human Development Index?
standard living and ratesLiteracy ratesStandard of living
What are the three top economic indicators?
1. Per capita income of people 2. living standard opf People 3.Economic growth of country
