How does an economist compare the standard of living in two different countries

Answers

Answer 1

In order for an economist to compare the living standard in two different countries, he/she will need to take multiple parameters in consideration and compare all of them individually, after them sum them up and make the final conclusion.

One of the things is the GDP nominal of the countries, which shows how strong the economy of the country is, and in which direction it is moving. Then the GDP per capita, which will reflect how much actually the citizens earn on average. The prices of the goods and services in the countries come as next, and their prices are then compared with how much the GDP per capita, so that the economist can see what is the economic power of the citizens. The availability and quality of the institutions of the countries, the infrastructure, corruption rate, freedom of speech, will all be examined in order to determine the living conditions that are available to the people. So once all of these things are examined and summed up, the economist will be able to make a proper comparison of the standard of living in the two countries.

Answer 2

Answer: by comparing real GDP per capital

Explanation: GRADPOINT


Related Questions

What crop failure caused the great famine in ireland

Answers

The failure of the potato plant is what caused the Great Famine in Ireland. The Great Famine is also known as the Potato Famine

Hope this helped!

~Just a girl in love with Shawn Mendes

the process by which volcanoes vent water vapor, carbon dioxide, nitrogen, and other substances is called_______.​

Answers

Answer:

Outgassing

Explanation:

Answer:

outgassing is your answer

Explanation:

What country has the most spoken languages

Answers

1st Papua New Guinea.
2nd Indonesia
3rd Nigeria
4th India
5th United States

Answer:

Papua New Guinea

Explanation:

Papua New Guinea has the most languages, with 840 living languages. Indonesia comes in second, with 710 living languages. Third place goes to Nigeria, having 515 living languages.

How many hours of daylight does the north pole receive on june 21?

Answers

Answer: 24 hours

This is because June 21st marks the astronomical start of summer for the northern hemisphere with the summer solstice. During this season the days are longer than the nights, and as we get closer to the North Pole, we will have up to 24 hours of sunlight, a phenomenon called the Midnight Sun.

This is possible because during the summer solstice, due to the tilt of the Earth's axis, the North Pole is closer to the Sun than the South Pole. However, paradoxically the Earth is at its furthest point from the Sun (aphelion).

That is why on June 21st, the sun is visible for 24 hours and the next days (the closer it is to the north pole) it will stay that way. Therefore, the inhabitants of this area can enjoy sunlight for a longer period.

On June 21, the North Pole receives 24 hours of daylight due to the tilt of the Earth's axis during the summer solstice.

This occurs because as the Earth turns on its axis, the axis is tilted in such a way that the North Pole is oriented towards the sun. This continuous illumination happens within the Arctic Circle, including the North Pole, where the sun does not set on this day, a phenomenon often referred to as the 'land of the midnight Sun'. Conversely, the South Pole experiences 24 hours of darkness during this time, as it is tilted away from the sun.

1. What is/are one of the environmental waste products of nuclear energy?
O A. Eutrophic water
O B. Greenhouse gases
O C. Radioactive isotopes
O D. Acid rain

Answers

acid rain would be the answer

Answer: Correct answer is Radioactive Isotopes.

The most significant waste products of nuclear energy is RADIOACTIVE ISOTOPES.

Radioactive isotopes waste are waste products containing hazardous radioactive materials that are harmful to humans, animals and the environment.

Although radioactivity decreases over time so these types of waste are stored in the appropriate facility to make them less harmful before being released to the environment. All radioactive waste disposal are being regulated by the government.

Severe flooding along a coastline can be caused or enhanced by:

a. Tsunami
b. Storm surge
c. Tides

Answers

Answer:

c

Explanation:

What is the name of the harsh desert on the continent of asia?

Answers

Answer:

I want to say Mongolia but I didn't see the choices to pick from

Explanation:

Answer:

I would say the Gobi desert

What is a partial solar eclipse definition?

Answers

Answer:

it's when the moon goes in the front of the sun, so it's in between the sun and earth, blocking the light

Which is used to find the epicenter of an earthquake?
magnitude
seismic waves
seismograph
seismometer

Answers

Answer:

This number will be used to tell you how far your seismograph is from the epicenter of the earthquake. Measure the distance between the first P wave and the first S wave. In this case, the first P and S waves are 24 seconds apart.

answer: seismograph

Seismograph is used to depict the epicentre of an earthquake.

Answer: Option C

Explanation:

Seismograph gives the details of force and duration of earthquakes occurred. It consists of mass attached to fixed base. The mass remains constant and the base moves during earthquake.

Electric voltage obtained is recorded on paper, magnetic tape by transforming the motion of base with respect to mass. Seismograph has a seismometer which is a single unit recording device.

What country is the largest island in the caribbean

Answers

Answer: Cuba

Cuba is the largest island in the Caribbean Sea (also called the Antilles Sea), belonging to the Republic of Cuba.

It should be noted that Cuba as a country, is actually an archipelago consisting of the Island of Cuba, the Isle of Pines and a large number of keys and small islets; where only the first two islands are considered suitable to support a permanently resident population.

Its climate is classified as humid subtropical, with two clearly defined seasons, the dry season (from November to April) and the rainy season (from May to October) and with fresh continuous breezes throughout the year. This is due to the elongated shape of the island and its position in the Caribbean, which facilitates the trade winds to flow throughout the territory.

Final answer:

The largest island in the Caribbean is Cuba, which is part of the Greater Antilles group of islands. The region has various other islands including the Dominican Republic, Puerto Rico, Bahamas, and Jamaica. It's a popular tourist destination due to its beautiful landscapes and pristine waters.

Explanation:

The largest island in the Caribbean is Cuba. It's part of the Greater Antilles, a group of bigger islands in the Caribbean. Cuba has a variety of landscapes from mountains such as the Sierra Maestra mountains and the Escambray Mountains to fertile valleys that make up more than half of the island. It's surrounded by the pristine turquoise waters of the Caribbean, making it a popular tourist destination.

Other notable islands in the Caribbean include the Dominican Republic, Puerto Rico, Bahamas, Jamaica, Cayman Islands among others. These islands make up part of either the Greater or Lesser Antilles. The Lesser Antilles are smaller islands located in the eastern and southern region of the Caribbean.

The Caribbean region has a rich history marked by colonialism, plantation agriculture, and in the case of Cuba, a socialist revolution. It's also a popular tourist destination, with a powerfully growing cruise ship industry.

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The igneous rock gabbro most likely formed
from molten material that cooled
(1) rapidly at Earth's surface
(2) slowly at Earth's surface
(3) rapidly, deep underground
(4) slowly, deep underground

Answers

Slowly, deep underground

The igneous rock gabbro is coarse grained and non-vesicular. Both characteristics show that it is an intrusive igneous rock. Intrusive igneous rocks are formed below Earth's surface and slowly (because they're underground). When rocks are intrusive, they are are non-vesicular (no air pockets) because the air has had the time to escape because of the slow cooling time period. Intrusive rocks are also coarse because crystals had the time to form in the rock during that longer cooling time.

Ps. extrusive igneous rocks form rapidly at Earth's surface and basically have tge opposite characteristics for the opposite reasons (ex: vesicular cause air had little time to escape)

In what year did washington dc became the capital

Answers

I believe July 16, 1790

A country with a economy generally has a high standard of living.

Answers

Answer:

a country with a free market economy <3

Explanation:

A country with free market economy generally has a high standard of living. It is basically a kind of economy in which all decisions regarding investment, production and distribution are totally dependent on the demand and supply of the market. I hope that this is the answer you were looking for and it has helped you.

Answer:

A country with a developed economy generally has a high standard of living.

Explanation:

  Countries with developed economies have a very high degree of industrialization, with a predominance of the tertiary (trade activities) and quaternary (knowledge-based services and information sharing) industrial sectors.

  A relevant factor in relation to economic development is the Gross Domestic Product (GDP), which represents the monetary value of goods and services produced by a country in a year, being one of the main indicators of a nation's economic potential. Per capita income, which represents the average wage per person, is also considered in a nation's development classification. In developed countries, GDP and per capita income are high, and income distribution is generally homogeneous.

Choose a landmark that was built in the last 250 years, such as Mount Rushmore, the Eiffel Tower, or the Statue of Liberty. How does this landmark represent our civilization? Just as we study the ruins and landmarks of ancient agrarian societies, what might the people of the future learn from our landmarks?

Answers

Answer:

Past is key to future and landmarks are ket sign and indicators.

Explanation:

Many landmarks have been built in the history of the earth such as the Mount Rushmore, Eiffel Tower, Statue of Liberty and many more the Burj Khalifa, and Berlin wall.  Their basic construct was to put represent civilization like it's in Brazil statue of christ redeemer is know for peace and landmark of Stonehenge on easter island. It depicts a civilization's history and past experiences. landmarks as a way of identifying the place with some characteristics that the place has to offer to the future generation so as they can understand and learn from them. They are marked on the history of the earth's surface.  Some are known for sacrifice, some for rituals, some for freedom and others to represent the amount of power or dominance.



Lithuania, Latvia, and Estonia all _____.


signed a peace treaty with Germany in 1996


were admitted to the European Union in 2004


were damaged by the Chernobyl explosion in 1986


signed a pact with Russia in 1996

Answers

Well all agreed to sign to the threat of the Chernobyl incident with radiation all around.

Lithuania, Latvia, and Estonia all were admitted to the European Union in 2004

Which country has the highest ratio of tourists to permanent residents

Answers

Answer:

Andorra

Explanation:

There's lot of nations in the world that first come to mind when tourism is in question, such the UK, France, Italy, Spain, Japan, Brazil, but they are actually far behind the nations that are ranked top as having the most tourists to permanent residents, or rather tourists per capita. It probably comes as a surprise, but the nation that has the most tourists per capita is the micro nation in the Iberian Mountains, Andorra. This little nation is located high in the Iberian Mountains, squeezed in between its two much larger neighbors, Spain and France. Even though it is not the most famous, or the most touristy destination on people's minds, this nation actually has 32.4 tourists per one permanent resident. To put it in perspective, that would be like if France was visited by some 2 billion tourists annually.

Why are some countries in Oceania often grouped with Southeast asia?


A: Sotheast asia wants to control as much land as possible.


B: The climate of Southeast Asia is very similar to western Australia


C: There is a common language spoken throughout Oceania


D: Northern countries in Oceania have more in common with Southeast Asia

Answers

Answer:

Some countries in Oceania often grouped with southeast Asia because : A. There is little diversity in Oceania

Culturally, the Oceania Region is really similar to the countries that exist in South East Asia

Explanation:

Answer:

D: Northern countries in Oceania have more in common with Southeast Asia

Explanation:

   Southeast Asia is made up of: Brunei, Cambodia, the Philippines, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Timor-Leste and Vietnam.

   Indonesia is considered a transcontinental country, located between Southeast Asia and Australia, so for some it is also considered a nation of Oceania.

Most of the information about Earth's interior was obtained by studying...
A) rocks of the ocean crust
B) rocks in deep wells
C) seismic waves
D) meteorites

Answers

Answer:

the answer is a

Explanation:

Earthquake waves/Seismic waves study helps to know more information about Earth’s interior.

Explanation:

Earthquake waves which are also known as seismic waves are those energy waves that move through the layers of the Earth. The results of earthquakes are the volcanic eruptions, movement of magma, large landslides and large man-made bursts are that give out acoustic energy with low-frequency.  

Seismologists are the geo-physicists Seismologists who study about the Seismic wave. A seismometer, accelerometer or a hydrophone is useful in recording the Seismic wave fields. Body waves are the waves that are travelling through the Earth are and those which travel at the Earth's surface are surface waves.

Com a crise política econômica no sistema socialista soviético, agravada na década de 1980, vários movimentos separatistas ganharam força no Leste Europeu. Caracterize as mudanças ocorridas e d? sua opini?o sobre o tema

Answers

Snnasnnannnannananannananana

How do the poles help cool the earth’s temperature?

Answers

Answer:

by the way earth moves.

Explanation:

It helps cool earth's temperature by the way the earth moves

What do transitional fossils best support?

Answers

Answer:

evolution

Explanation:

transitional fossils show a transition in a species

Answer:

the Theory of Biological Evolution

Explanation:

yeah

What are the only 2 countries to have the article "the" officially in the name?

Answers

Answer:

There's actually four countries that have ''the'' in their names:

- The Bahamas

- Saint Vincent and the Grenadines

- Democratic Republic of the Congo

- Republic of the Congo

Explanation:

There are officially 193 countries in the world that are part of the United Nations, but there are lot of others that have proclaimed independence but are only recognized by one or several countries, but not in the United Nations, thus do not have the status of independent countries. In the everyday communication the people use article ''the'' for lot of countries in the world, like ''the United States'' or ''the United Kingdom'', but those are actually not correct terms, as ''the is not part of the official names of these countries. There are only four countries in the world that officially have ''the'' in their names. Two of them are from the Central African region, Democratic Republic of the Congo, and Republic of the Congo. The other two are small island nations in North America, The Bahamas, and Saint Vincent and the Grenadines.

What is the minimum number of seismic monitoring centers needed to provide the data for triangulation?

Answers

Answer:

3

Explanation:

The answer is within the question.... since it talks about triangulation.... a triangle.

The principle is that from each station, you get a distance location from that station of the event. Then from each center you make a circle with the distance measured at that center.

All three circles done form the monitoring centers will meet at a point somewhere between those three centers, and you'll get your location.

That's the triangulation process.  You do need 3 points for a precise reference, if you have only 2, you are left with 2 possibilities.

Which are evidence of seafloor spreading? Check all that apply.
1) molten material
2) magnetic stripes
3) continent material
4) drilled core samples
5) ocean water samples

Answers

Answer: magnetic stripes

Explanation: They show when Earth's poles reversed. They show how the density of the seafloor has changed. They reveal a matching pattern on either side of the ridge. They reveal differences in the mineral composition of newly created rock.

Evidence of seafloor spreading are

Molten materialMagnetic stripesDrilled core samples

Explanation:

The convection of mantle is the reason for the seafloor spreading. Due to this process, mantle is brought upwards to the lithosphere. As the tectonic plates separate, the crust is made more plastic and less dense by the heat of the mantle and eventually cracks occur in crusts and the hot magma rises up to fill these gaps.

The mid ocean ridges' magnetism also acts as a supporting evidence. Basalt, the surface material of the new crust is magnetic in nature. With the aid of magnetometers, it was established that the ocean floor's magnetism was divided into matching stripes on both sides of the ridges.

24. Palm trees and subtropical plants are commonplace in Land's End, England, whose latitude is the equivalent of Labrador in coastal Canada, where the local flora is subarctic. Which statement best explains why this apparent anomaly exists between North America and Europe? A) Labrador does not get enough rainfall to support the subtropical flora found in Land's End. B) Regions such as Labrador are actually colder than England because colder Arctic water flows down to eastern North America and warm water from the equator flows to England. C) Rainfall fluctuates greatly in England; rainfall is consistently high in Labrador. D) Labrador is too windy to support tall plants, such as palm trees. E) Labrador receives sunlight of lower duration and intensity than does Land's End.

Answers

Answer:

B) Regions such as Labrador are actually colder than England because colder Arctic water flows down to eastern North America and warm water from the equator flows to England

Explanation:

Even though Labrador and England are roughly on the same latitude, the climates in these two places are very different. The reason for this is the influence of the ocean currents on the climate. Labrador is influenced by dry and cold ocean currents, bringing in very cold weather conditions and harsh cold winds, thus not providing conditions for the growth of palm trees. On the other side of the Atlantic, England is influenced by warm and wet ocean current, the Gulf Stream. This brings in relatively small fluctuations in the temperature, with both the summer and the winter being mild and without extreme temperatures. Also, it brings in a lot of precipitation, so the palm trees manage to survive with only slight adaptations.

Final answer:

The presence of subtropical plants in Land's End, England and the subarctic flora in Labrador, Canada, despite being at the same latitude, is primarily due to the differing climate conditions caused by warm and cold ocean currents respectively - the warm Gulf Stream makes England warmer, while the cold Labrador Current cools down Labrador in Canada.

Explanation:

The apparent anomaly where subtropical plants thrive in Land's End, England, while the local flora in Labrador, Canada (which is at the same latitude) is subarctic, is primarily due to ocean currents and global wind patterns. The best explanation in this case is that: Regions such as Labrador are actually colder than England because colder Arctic water flows down to eastern North America and warm water from the equator flows to the English region (option B).

The Gulf Stream, a warm ocean current originating from the Gulf of Mexico, flows along the east coast of North America and branches east towards Europe. This current brings warm water to the British Isles, which allows for warmer temperatures, despite the relative high latitude. On the other hand, Labrador, although at the same latitude, is influenced by the Labrador Current, which is a cold ocean current originating from the Arctic, thus making the region much colder.

These abiotic factors, in combination with local weather patterns influenced by geology and topography, play significant roles in the biodiversity and climate of regions even when they are at similar latitudes. Therefore, ocean currents and winds can have significant effects on the climate and subsequently the plant life that a particular geographical location can support.

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Hurricanes are classified according to intensity using the

Answers

Answer: Saffir-Simpson scale

The Saffir-Simpson hurricane scale is based on a table that classifies tropical cyclones into five levels according to wind speed and intensity, taking into account the possible damage to buildings to determine this intensity.  

This scale was developed in 1969 by the civil engineer Herbert Saffir and Robert Simpson, who was the director of the National Center of Hurricanes of the United States at the moment.  

However, this scale does not take into account the amount of precipitation (rain) or the location of the winds.

Answer: Saffir-Simpson scale

Explanation: Hurricanes are classified according to intensity using the-

What is the fewest number of seismographic stations that must record the arrival time of p and s waves in order for the epicenter of an earthquake to be located?

Answers

Answer:

3

Explanation:

The process is called triangulation and involves at least 3 stations.

The principle is that from each station, you get a distance location from that station of the event. Then from each station you make a circle with the distance measured at that station.

All three circles done form the monitoring station will meet at a point somewhere between those three stations, and you'll get your location.

That's the triangulation process.  You do need 3 points for a precise reference, if you have only 2, you are usually left with 2 possibilities.

What percentage of all the land on the planet earth does africa cover?

Answers

Answer:

The answer is 20.3 percent.

Explanation:

Africa is one of the seven continents of the world. It is the second largest continent after Asia population wise. Also on the basis of land it covers on the planet Earth, Africa is the number second continent in the world. It occupies approximately 20.3 percent of the total land of the Earth whereas Asia covers 30% of the total land of the Earth. The area of Africa in Square Miles is approximately 11608000 which is 30065000 square kilometers. Africa consists of lands and islands.

8 POINTS!!!
I meant to put this in HISTORY!!!
what was the overriding purpose of the territorial free homes league?
A)To force the government to expand the boundaries of oklahoma territory.
B) to force the government to forgive the land-purchase debts of farmers.
C) to force the government to supply farmers with free building materials for homes.
D) to force the government to supply new homes for settles residing in a territory.​

Answers

The Territorial Free Home League, organized in February 1895 at Perry, Oklahoma Territory, lobbied for the repeal of portions of the acts that required settlers to pay for certain former Indian lands in Oklahoma.

Answer:

D

Explanation:

I hope this Helps

The statue of liberty is made of what metal

Answers

Answer:

The statue of liberty is made of copper, gold, steel, and cast iron. Mostly copper though so that is what the question is most likely asking for.

Explanation:

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The actual value of the population that the statistic tries to estimate is called the parameter. A.true B. False Simplify (2x-5y)^3-(2x+5y) This is a direct comparison of two things, in which they are said to be (in some sense) the same thing. Statements of fact about the past and present are called What is the greatest common factor of the terms in the polynomial 8xt 4 18x??o 2o2x? Please help!!Create three relevant questions that you would like answered or clarified about the role ofDNA and chromosomes. Focus on the following areas as you generate questions:i. The cause and effect relationship between the genetic code and gene expressionii. Mechanisms of gene regulationiii. The role of DNA segments that do not code for proteins Which has the higher boiling point, C3H8 or C8H10? Explain your reasoning. Which of the following statements about gravitational potential energy is not true?A.Its magnitude is related to the work done by lifting an object.B It depends on the choice of a coordinate system.C. It is equal to the force required to move an object times the distance it is moved.D.It is equal to the kinetic energy of the falling object at y = 0. The greater of two consecutive integers is 7 less than one-third the smaller integer. Find the integers and show your work. Which of the following is the equation of a hyperbola with center at (0, 0), with a = 4, b = 1, opening horizontally? An argumentative essay is written to Simplify the expression. Write the answer using scientific notation. 0.3(8.2 x 10^-3) The energy transferred between samples of matter because of a difference in their temperatures is called Natural selection of favorable adaptations in organisms often results in A. the inheritance of acquired traits. B. the evolution of a species. C. the elimination of favorable traits. D. an increase in genetic mutations. Querida mam:El fin de semana pasado fui a visitar a mi abuela Lilia en el campo. (Yo) Le (1) unos libros que ella me (2) de la librera de la universidad. Cuando llegu, mi abuela me (3) un plato sabroso de arroz con frijoles. La encontr triste porque la semana pasada su planta de tomates (4) , y ahora tiene que comprar los tomates en el mercado. Me invit a quedarme, y yo (5) en su casa. Por la maana, abuela Lilia se despert temprano, (6) y sali a comprar huevos para el desayuno. Me levant inmediatamente y la (7) para ir con ella al mercado. En el mercado, ella me (8) que estaba triste por la planta de tomates. Le pregunt: Debemos comprar otra planta de tomates?, pero ella (9) esperar hasta el verano. Despus del desayuno (10) de ella y volv a la universidad. Quiero mucho a la abuela. Cundo la vas a visitar?Chau,Mnica Please please help me out!! Anyone who answers this correctly, i will mark as brainiest.Constructive interference results in a wave with a ____ amplitude than any of the component waves. What are the three processes of the water cycle?A) sun, ocean, and runoffB) evaporation, condensation, and precipationC) water vapor, droplets, and iceD) evaporation, density, and clarity Which quotation correctly uses ellipsis to shorten Lincolns words? Now we are engaged in a great civil war, testing whether that nation . . . can long endure. We are met on a great battlefield of that war. Now we are engaged in a great civil war . . . testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battlefield of that war. Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated . . . We are met on a great battlefield of that war. Now . . . in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battlefield of that war. What have I to say to you When we shall meet? Yet 1 lie here thinking of you The stain of love Is upon the world Yellow, yellow, yellow It eats into the leaves, Smears with saffron The horned branches that lean Heavily Against a smooth purple sky How does this excerpt best illustrate Modernist ideals?A. It embraces uncertainty by describing the changing seasons. B. It deals with the sad emotions of losing a loved one. C. It looks at the subject of spring through a cynical perspective D. It addresses a traditional subjec th a nontraditional structure Steam Workshop Downloader