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The income and living standards of a nation will increase when?

a. jobs are protected and total employment expands.

b. the prices of goods and services increase.

c. the imports of goods and services fall.

d. the availability of goods and services that people value increases.

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Question added by Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos
Date Posted: 2015/08/08
Fattouma HIDDA
by Fattouma HIDDA , Administrative assistant/Document control , Attract consulting engineering

a. jobs are protected and total employment expands.

Omer Mohammad Awais
by Omer Mohammad Awais , Senior Sales Consultant , Dar Wa Emaar

When they work hard for their Goals.

 

Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

The living standards depend on the individual income and the general economical stability. One of the most important factors that will affect that is the availability of income resources (JOBS), and of course the continuity of this source. 

So I believe option is A is the most important one

Muhammad shehzad
by Muhammad shehzad , IT officer , Shafi Hafeez Tanneries (pvt) Ltd

Simple answer. Option B & C are seriously unfavourable, while D seems to be ok, but even if availability of the goods and service people value increases,

Sayed Rubab Sayed
by Sayed Rubab Sayed , Finance Officer , The Next

My answer is option "D"............

Whenever the Credit standard increases and so the consumer spending increase, but D. is close enough.

Dilip Basnet
by Dilip Basnet , "The Owner" , Self-Owned Commercial Online Venture

Simple answer. Option B & C are seriously unfavourable, while D seems to be ok, but even if availability of the goods and service people value increases, but the income and employment has to be protected at the foremost. People have to earn first to spend. Supply without demand, where purchasing power of the consumer is significantly low is dreadful. Hence option A is the best answer. Thank You!

Chawada Patience Thela
by Chawada Patience Thela , Relationship Manager , Stanbic Bank Botswana

It will Increase when prices of commodities fall

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

d. the availability of goods and services that people value increases.

Randall Mohammed
by Randall Mohammed , Managing Director , World Petroleum Partnership

Income and living standards of a nation are ties to its GDP or GNP, which is a direct result of its productivity. Countries that have high employment rates and sustainable jobs add to the GDP, thus increasing personal wealth, disposable income, which in turn is used to purchase goods and services. Some of these goods and services are consumed locally and some are exported allowing the country to earn foreign exchange, which could be used to re -invest in growing business or saved in a sovereign wealth fund  for a "rainy day".

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