Why do you think that the standard of living in developed countries is much higher compared...

Why do you think that the standard of living in developed countries is much higher compared to less developed countries?

Expert Solution

Standard of living includes income, gross domestic product (GDP) life expectancy, economic opportunity and others. In a nation basically called the nation have good standard of living is quality of goods and services available to existing population. In simply the Standard of living is related to quality of life which includes economic stability, political stability, environmental quality, safety etc.

Standard of living mainly compare geographical area basis. Some nations standard of living better than other nations and it will change over a period of time. Standard of living usually higher in developed countries such as United States than less developed countries. Because the nation basic measure (GDP) are more in developed countries. The luxurious life, Health facilities, low unemployment rate and other things are higher in developed countries. Mainly Gross Domestic Product (GDP) higher in developed countries, GDP factors are personal consumption, business investment, government spending, and net exports these factors are also high.

So standard of living in developed countries is much higher compared to less developed countries.

jeff jeffy answered 2 years ago

Tuberculosis is seen in much higher levels in developing countries versus developed countries. Why and Which...

Tuberculosis is seen in much higher levels in developing countries versus developed countries. Why and Which risk factors have the greatest impact on this phenomena occurring?

You are informed that there is empirical evidence that developed countries have much higher rates of...

You are informed that there is empirical evidence that developed countries have much higher rates of COVID-19 infection than developing countries. A researcher informs you that this is a very strong and significant evidence on the negative causal relationship between economic development and infection rates. a- Do you agree that this reflects a negative relation between economic development and infection rates? Explain. (hint: negative is referring to the direction of the relation or the slope if you were to graph...

why do less-developed countries not gain as much from trade as industrialized nations?

Which of the following is not evidence of the lower standard of living among less-developed countries?...

Which of the following is not evidence of the lower standard of living among less-developed countries? a. high percentage of households headed by females b. high per capita real GDP c. low life expectancy d. high infant mortality rate

why developed countries has a higher iit(intra industry trade)?

c. The standard of living in China is higher than the standard of living in Belgium...

c. The standard of living in China is higher than the standard of living in Belgium as the size of China’s real GDP in 2018 (using 2010 constant prices) was USD10,800,568.39 million compared to Belgium’s USD538,738.79 million (figures from the World Development Index Database). Do you agree or disagree with this statement? Refer to the UN Human Development Index to Justify your answer.

The standard of living in Argentina is higher than the standard of living in Luxembourg purely...

The standard of living in Argentina is higher than the standard of living in Luxembourg purely because the size of Argentina’s real GDP in 2018 (using 2010 constant prices) was USD446,880.91 million as opposed to Luxembourg’s USD67,301.21 million (figures from the World Development Index Database). Do you agree or disagree with this statement? Refer to the UN Human Development Index to Justify your answer.

1. Why do you think the overdose rate in men is higher compared to women? 2. Why has a cure not been found for cancer?

Do you think it’s possible for all countries to be developed? Explain your answer

1. Compared to First World countries, developing countries would have _____. a higher life expectancy higher...

1. Compared to First World countries, developing countries would have _____. a higher life expectancy higher productivity rates lower education levels lower birthrates a higher rate of private investment 2. In many less-developed countries, per capita GDP falls even though real GDP rises, because: output grows at a slower rate than the population. the GDP measures in developing countries are always inaccurate. consumption spending exceeds investment spending. these countries face an acute trade deficit. prices increase faster than an increase...

Question