thanks in advance i need this to write a paragraph in an essay. i also need to know how the unemployment rates would fall but right now i only need the standard of living.
2007-09-17 13:01:50 · 2 answers · asked by quitequirkyqwerty 2 in Social Science ➔ Economics
If the economy grows faster than the population there is more goods and services per person, so the standard of living for at least some portion of the population will improve. The growth can occur from either an increase in productivity or by increase in the fraction of people working.
2007-09-17 15:32:19 · answer #1 · answered by meg 7 · 1⤊ 0⤋
See this paper:
The Impact of Government Spending on Economic Growth
by Daniel J. Mitchell, Ph.D.
Backgrounder #1831 http://www.heritage.org/Research/Budget/bg1831.cfm
March 15, 2005
2007-09-17 14:38:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋