What Is A Cost Of Living Adjustment In Relation To Salary? Salary and wages that include a cost of living adjustment (COLA) compensate workers for inflation that raises basic expenses such as rent and food. A periodic COLA increase in pay can be automatic as in some government jobs or negotiated as part of an
What Is The Correlation Between Living Standards And Population? The standard of living equals the ratio of real GDP to population, giving real GDP per capita. Thus, the standard of living increases (decreases) when economic growth (i.e., the growth rate of real GDP) exceeds (falls below) the population growth rate. What is the relationship between
What Is The Relationship Between Living Standards And Birthrates? When the standard of living is relatively low, fertility has a positive impact on the standard of living. When the standard of living is moderate, fertility will have a negative impact on the standard of living. Finally, when the standard of living is moderate, fertility will