How else might we compare living standard of people

Reference no: EM131923410

Problem

1. Why are leisure time and externalities important in estimating the standard of living?

2. Apart from estimates of per capita income, how else might we compare living standard of people in different countries?

Reference no: EM131923410

Questions Cloud

Discuss proposition that governments should neither praised : Discuss the proposition that governments should neither be praised for all successes, nor blamed for all failures.

What is the payout and the profit : You write an IBM call contract at $120 for a premium of $4. You hold the option until expiration, when share price is $121. What is the payout and the profit?

Why does a rise in price level imply fall in value of money : Why does a rise in the price level imply a fall in the value of money? How accurately does the RPI measure the change in your own income?

What is the maximum possible expected return on portfolio : If you cannot borrow money, what is the maximum possible ex-pected return on your portfolio, and what is the minimum?

How else might we compare living standard of people : Apart from estimates of per capita income, how else might we compare living standard of people in different countries?

What was the firm roe : ABC had a net profit margin (net income / sales) of 3.5 percent, a total assets turnover (Sales / Assets) of 2.4, and an equity multiplier (Assets / Equity).

Why having a minimum voting age may cause rent-seeking : Do collective-action problems contribute to or discourage rent-seeking? Explain your answer. Explain why having a minimum voting age may cause rent-seeking.

What is the bonds capital gain or loss yield : A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The bond sells for $1,100.

Explain why a policy like the given might persist : Explain why a policy like this might persist even if it was unpopular with the majority of voters.

User Account

All Pages