Standard of Living Exploration by Daryl https://padlet.com/daryltanph/80m3ygtcqo1k9ywt How can we compare SOL over time / SOL over space? en-us 2021-01-21 06:05:16 UTC 2025-11-18 05:51:57 UTC hello@padlet.com https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108844853 2021-01-21 07:32:38 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108844853 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108847737 2021-01-21 07:33:36 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108847737 DEECY https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108850378 Healthcare standards, education standards, crime rate, GDP, lifespan]]> 2021-01-21 07:34:27 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108850378 rhea joey tanushi https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108851063 2021-01-21 07:34:39 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108851063 Alex https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108855041 material- quantity/quality/type of Good and Service(Public Transport)
Non material-Free time(leisure time),Belonging(good family),Environment(low air pollution)]]> 2021-01-21 07:35:57 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108855041 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108865923
Survey on citizens households expenditure on G&S/income/satisfaction for working environment 
Corporate Tax to check how much G&S Firm sell

]]> 2021-01-21 07:39:33 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108865923 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108871429 Biased/Not responsive to survey.
Responses might not be updated.
SOL is very hard to be determined just by GDP, because it’s the total money of all final G&S produced within a countries and it does not reflect individuals spendings. Inequity might still exist.

GDP is also not good in reflecting the types of G&S produced( quality—>Superior goods?)


]]> 2021-01-21 07:41:04 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108871429 Alex https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108877802 GDP
Working hours
No of MRT per km
Carbon emission 
life expectancy 
PSI
literacy rate
Access to education(School fees)


]]> 2021-01-21 07:42:59 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108877802 rhea joey tanushi https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108882216 population size 
national income---gdp 
unemployment rate 
crime rate 
working hours 
air pollution (environment) 
healthcare  ]]> 2021-01-21 07:44:22 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108882216 Alex https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108884034 total income by country
avg working hour per citizen
Google map Apple map?
measuring Instruments 

]]> 2021-01-21 07:44:56 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108884034 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108886154 GDP may not be as effective in reflecting the quality of goods and services



]]> 2021-01-21 07:45:37 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108886154 Alex https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108899917 Income Gap makes gdp inaccurate 
No of working hours does not mean spending good quality leisure time 


]]> 2021-01-21 07:50:11 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108899917 rhea joey tanushi https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108908914 pop size- census 
national income- output of all firms, receipts after goods and services are produced  
crime rate- all police stations report the number and nature of crimes annually  
unemployment rate- data from every household 
working hours- every firm reports average number of working hours for each employee 
environment/ air pollution- air quality index 


]]> 2021-01-21 07:52:53 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108908914 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108912097 GDP 
reason: GDP shows the total market value of all finals goods and services produced. So with this data, we might be able know how much the people in the country spent, thus know their spending power and thus estimate their standard of living.
High GDP also indicates the real economic growth rate.

GPL 
Reason: GPL shows the price stability of the country and allows us to know the inflation rate. Low and stable inflation rate is good for the economy thus SOL would increase.

Working hours of the workers
Reason: Longer working hours indicate that workers are overworked and does not free time. They are not enjoying the non-material SOL.

Amount of money government spent on education 
Reason: the more money government spent on education means that the literacy rate would be higher. Which means that the quality of workers would be higher with higher education (more skilled) thus are able to enjoy higher SOL.]]> 2021-01-21 07:53:55 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108912097 rhea joey tanushi https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108914010 unemployment- same may be unemployed since they have inherited wealth and so don't need to work

]]> 2021-01-21 07:54:30 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108914010 MCX https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108917169 Crime rates
Average Life expectancy
Pollution level
GDP
Price of healthcare


]]> 2021-01-21 07:55:33 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1108917169 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109017684 1. Affordability of healthcare ->
2. Infection rate
3. Literacy rate -> diagnostic test for population
4. GDP -> 

]]> 2021-01-21 08:27:02 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109017684 rhea joey tanushi https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109047258 green gdp
addresses employing manufacturing practices that harm the environment]]> 2021-01-21 08:36:25 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109047258 Alex https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109070317 To solve non material SOL
Better live index
Human development index-can be improve by adding aspects such as environment
Social progress index(basic human needs)

To solve unrecorded economic activity
Law enforcement

To solve less reliable when income inequality is high



]]> 2021-01-21 08:43:16 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109070317 DEECY https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109097891 ~1) happiness index, crime rates, affordable access to quality healthcare, availability of education, quality of education, incidence of disease,~

1) • Human development index (degree of progress & well-being of citizens) - life expectancy (sedentary lifestyle - unhealthy, developing countries get diseases easily, limited vaccines), education level (years of schooling - retain, quality of education not accounted for)
*  Measurement of economic welfare (MEW - quantitative aspect in monetary terms e.g leisure time, unpaid work)

2) Black economy, SNA

3) Gini coefficient-> measures income inequality


]]> 2021-01-21 08:51:19 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109097891 https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109101357 Weakness:
- GDP can only reflect material SOL and not non-material SOL. Hence, can use other indicators such as HDI, HPI and MEW (Measurement of economic welfare). 
HDI: takes into account life expectancy such as health, education such as years of schooling, more years in school, more educated.
MEW: Includes indicators of the country, leisure time, unpaid work and environmental damage. Related to working population 
- GDP does not reflect unrecorded economic activities. Hence, can use other indicators such as GPI (Genuine Progress Indicator).
GPI: It reflects the cost negative effects related to economic activities. Such as cost of crime rates.
https://www.economicstuitionbukittimah.com.sg/economics-tuition-what-are-the-non-material-aspects-of-standard-of-living/
- Unable to show sustainable rate of growth.
Hence, can use AD/AS graph to demonstrate the long term effect of the economy.
- Adjusting entries
]]> 2021-01-21 08:52:20 UTC https://padlet.com/daryltanph/80m3ygtcqo1k9ywt/wish/1109101357