Ask Question
BusinessBusiness
18 November, 03:24

An increase in the standard of living results from an increase in which of the following?

+4
Answers (2)
  1. 18 November, 06:11
    0
    Income and employment.

    Standard of living is the level of wealth and comfort available to individuals.
  2. 18 November, 06:21
    0
    Income and employment.

    Explanation:

    The increase in the quality of life of the people of a country occurs when, compared to an earlier time, people are in a better financial situation that can provide greater access to goods and services. This is the result of improvements in the labor market and consequently income. When the economy is in a boom, labor productivity increases and more jobs are generated. Many of them with better compensation opportunities. This effect across society increases income and thus people's average standard of living. Therefore, the correct answer is income and employment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An increase in the standard of living results from an increase in which of the following? ...” 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
Is unemployment always bad for an economy?
Answers (1)
Cooley company's stock has a beta of 1.32, the risk-free rate is 4.25%, and the market risk premium is 5.50%. what is the firm's required rate of return?
Answers (1)
In our lecture about Strategic fit, we learned that a company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services, and its supply chain strategy determines the nature of procurement and
Answers (1)
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. The Pound Co. paid the invoice within the discount period. What is the sales amount to be recorded in the above transactions?
Answers (2)
Amram Inc. can issue a 20-year bond with a 6% annual coupon. This bond is not convertible, is not callable, and has no sinking fund.
Answers (2)
New Questions in Business
What explanations have economists offered for why firms don't raise prices when doing so would seem to increase profits? Firms might not raise prices when doing so might increase profits because A.
Answers (1)
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased ... $124,800 Direct materials used ... 74,300 Direct labor used ... 55,000 Total factory overhead ...
Answers (1)
Cole has a credit card bill of $3,100. His credit limit is $3,000. Is Cole using credit responsibly or irresponsibly? A. responsibly B. irresponsibly
Answers (1)
In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were written. In November, $39630 of these checks were presented to the bank for payment, and $50932 in December.
Answers (1)
Donald and Charlene are married and do not have any children. They plan to ensure that the other will not be unduly burdened by debts in case one of them dies. Each plans to continue to work after the other one dies.
Answers (1)
Home » Business » An increase in the standard of living results from an increase in which of the following?
Sign Up Forgot Password?