4 Nov 2021
Problem 12
Page 780
Section: REVIEW QUESTIONS
Chapter 32: Macroeconomic Policy Around the World
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4 Nov 2021
Introduction
The amount and quality of physical commodities and amenities accessible to a particular community are referred to as the standard of living. The core material components of standard of living are money, GDP, life span, and economic mobility. It is strongly linked to the concept of standard of living, which encompasses characteristics such as macroeconomic stability, religious and political freedom, environment protection, climate, and security.
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