Living Standards Flashcards
1
Q
What are the two types of living standards?
A
- Material living standards
* Non-material living standards
2
Q
What are some examples of material living standards?
A
GDP per capita, incomes, and consumption of goods and services.
3
Q
Examples of non-material living standards?
A
Personal happiness, crime an death rates, absence of pollution and political freedom.
4
Q
What are some alternative methods of measuring living standards instead of GDP per capita?
A
- Health
- Life expectancy
- Education
- Adult literacy
- Population Growth
- Well being
- Time working
- Exercise
- Access to drinking water
5
Q
What are living standards?
A
Refer to how well a nation or country is overall.
