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25 January, 08:30

An increase in the standard of living results from an increase in which of the following?

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Answers (2)
  1. 25 January, 08:32
    0
    Income and employment.

    Standard of living is the level of wealth and comfort available to individuals.
  2. 25 January, 08:34
    0
    Income and employment.

    Explanation:

    The increase in the quality of life of the people of a country occurs when, compared to an earlier time, people are in a better financial situation that can provide greater access to goods and services. This is the result of improvements in the labor market and consequently income. When the economy is in a boom, labor productivity increases and more jobs are generated. Many of them with better compensation opportunities. This effect across society increases income and thus people's average standard of living. Therefore, the correct answer is income and employment.
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