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Living Standards By Raffee 10N (Measurements (Human Development Index…
Living Standards
By Raffee 10N
The quality and quantity of goods and services available, and its distribution within a population
Measurements
Human Development Index
GNI per capita
Life expectancy
Education
Expected years for children
Average years of adults
Multidimensional Poverty Index
Index of Sustainable Economic Welfare
Gender Inequality Index
Components of Living Standards
GDP or GNI per capita
However, high GDP per capita might not mean high living standards. Income might be unequally distributed, etc.
Social measurements
Consumer goods and services
Cars per 1000 people
Phones per 1000 people
Electronics per household
Doctors per 1000 people
Life expectancy
Education
Average years of adults
Expected years of children
Civil rights
Influences
Increase in supply
Investments
Increase government expediture