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Pages:
1 page/≈275 words
Sources:
No Sources
Style:
APA
Subject:
Mathematics & Economics
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.18
Topic:
Importance of Macroeconomics
Coursework Instructions:
To me, one of the more important aspects of studying macroeconomics has to do with how it influences standards of living throughout the world. What I would like you to do for this assignment is to list 5 criteria that YOU feel influence one's standard of living, with a brief (3-4 sentences for each) explanation as to why.
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Assignment 1
Student’s Name
Institutional Affiliation
Assignment 1
The study of macroeconomics has revealed that different factors influence people’s standards of living, including their relative prosperity and quality of life.
* One of the factors that influence one’s standards of living is household income. The amount of wages or salaries that an individual is paid influences the goods and services that can be purchased in the marketplace. For instance, a person whose income is a hundred thousand dollars per month can purchase luxury products compared to an individual who earns ten thousand.
* Second, the general health of the population tends to influence people’s living standards. Individuals who can afford quality health care, including access to medical insurance, tends to lead a quality way of life compared to those who are unable to access basic healthcare services.
* Access to education is another important factor that improves standards of l...
Student’s Name
Institutional Affiliation
Assignment 1
The study of macroeconomics has revealed that different factors influence people’s standards of living, including their relative prosperity and quality of life.
* One of the factors that influence one’s standards of living is household income. The amount of wages or salaries that an individual is paid influences the goods and services that can be purchased in the marketplace. For instance, a person whose income is a hundred thousand dollars per month can purchase luxury products compared to an individual who earns ten thousand.
* Second, the general health of the population tends to influence people’s living standards. Individuals who can afford quality health care, including access to medical insurance, tends to lead a quality way of life compared to those who are unable to access basic healthcare services.
* Access to education is another important factor that improves standards of l...
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