The standard of living in India is constantly improving. The single most common indicator which is used to quantify standard of living is the per capita purchasing power parity (PPP) adjusted gross domestic product (GDP). In 2000, the per capita PPP adjusted GDP for India was $2,600. These figures can be compared to $33,000 for the USA, $4,900 for China and approximately $26,000 for most western European nations. ...more on Wikipedia about "Standard of living in India"
The standard of living in the United States is one of the highest in the world by almost any measure. On measures such as the UN Human Development Index the United States is always in the top ten, though generally ranked lower than the Scandinavian countries, Canada, Australia, and Japan; Canada and Norway have alternately held the top spot for some time. ...more on Wikipedia about "Standard of living in the United States"
A tip (also known as a gratuity) is that amount of payment to certain service sector professionals which is in addition to the advertised bill or fee. These payments and their size are a matter of social custom. In India, Middle-East Asia and Egypt, tips are known as Backshish or Bakshish. ...more on Wikipedia about "Tip"
In economics, a person who is able and willing to work at prevailing wage rate yet is unable to find a paying job is considered unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs (all those willing and able to work for pay). In practice, measuring the number of unemployed workers actually seeking work is notoriously difficult. There are several different methods for measuring the number of unemployed workers. Each method has its own biases and the different systems make comparing unemployment statistics between countries, especially those with different systems, difficult. ...more on Wikipedia about "Unemployment"
The Vanderford-Riley well-being schedule is a measure of well-being used by some economists. It is objective in the sense that the subjective standard of well-being used in the schedule is measured objectively. ...more on Wikipedia about "Vanderford-Riley well being schedule"
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