Ask Question
BusinessBusiness
1 July, 17:21

A nation's standard of living is determined by

a. the quantity of natural resources with which it is endowed.

b. factors and events that are beyond the nation's control.

c. the percentage of its gdp that is accounted for by government purchases.

d. the productivity of its workers

+3
Answers (2)
  1. 1 July, 17:40
    0
    Choice (d) is the most correct. Productivity of the population and how much can be made (or served) is the biggest driver of standards of living. The more a country can output (and therefore, afford to bring in), the higher the overall standards will be.
  2. 1 July, 19:37
    0
    I would say that a nation's standard of living would depend primarily on the richness of its natural resources and also the productivity of its workers. If there are abundant valuable minerals and trees and fossil fuels and rich agricultural land, and its farmers and miners and loggers are hard working and productive then those are the prime reasons for a nation to have a high standard of living.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A nation's standard of living is determined by a. the quantity of natural resources with which it is endowed. b. factors and events that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which HRM function consists of training and development, individual career planning and development activities, organization development, and performance management and appraisal?
Answers (1)
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,132 Accounts Receivable, $8,344 Supplies, $1,964 Land, $24,190 Accounts Payable, $5,665.
Answers (1)
Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares for $400,000. In 2018, 10,000 of the repurchased shares were resold for $160,000.
Answers (1)
Financial markets exist as a vast global network of individuals and financial institutions that may be lenders, borrowers, or owners of public companies worldwide. a. Trueb. False
Answers (1)
On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty: • The supplies account balance on December 31 is $5,865, The supplies on hand on December 31 are $1,330.
Answers (1)
New Questions in Business
The research and development division of Anchor Inc., a manufacturing firm, has a sizeable number of engineers for its employees.
Answers (1)
Best Buy sales for any given month are 20% cash and 80% credit. Of the credit sales, half are collected the month after the sale and half are collected two months after the sale.
Answers (1)
True or false: households sell finished products to businesses.
Answers (1)
At a retirement party, a coworker described Terry as dedicated, hardworking, and dependable. He also said that Terry was a great leader, knew the computer system, and kept the company's finances in order. What career did Terry most likely have?
Answers (1)
Ashley and Benjamin are the sole owners of Super Corporation. Ashley owns 40% of the stock and Benjamin owns 60%.
Answers (1)
Home » Business » A nation's standard of living is determined by a. the quantity of natural resources with which it is endowed. b. factors and events that are beyond the nation's control. c. the percentage of its gdp that is accounted for by government purchases. d.
Sign Up Forgot Password?