Respuesta :
If a person needed $25,000 in 1977 to maintain a given standard of living, they would need $81389 in 2016 to do so.
In $ 25,000 to maintain a particular standard of living in 1974.
Now calculate x value in 1997
25,000 - 1974.
X=? - 1997
x = 1997 * (25,000)/1974
= (25,000) * (160.5)/49.3
=81389 needed in 1997.
The core material components of standard of living, such as income, gross domestic product (GDP), life expectancy, and economic opportunity, are the focus. It has a close relationship to quality of life, which can also examine elements like political and economic stability, religious freedom, environmental quality, climate, and safety.
The standard of life between two places is frequently compared, for standard of living example, the standard of living between St. Louis and GDP New York or the United States and Canada. The standard of living can be used to contrast different eras.
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