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Home > National Income Accounting and Standard of Living

National Income Accounting and Standard of Living

1. Discuss whether a fall in direct taxes and an increase in indirect taxes can lower the standard of living in Singapore.

2. Assess the role of foreign direct investment in raising the standard of living of a country.

3. Discuss whether a fall in national income is a good indicator that there has also been a decline in the standard of living in the country.

4. Discuss how an increase in import expenditure may affect the standard of living of a country.

5. Explain what is needed to determine changes in standard of living for Singaporeans.