Why information would say little about standard of living, Microeconomics

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Why information would say little about standard of living

Problem

Synthesizing Suppose you were told that you would earn $95,000 in 2020. Explain why this information would say little about the standard of living you might enjoy. What other information would you need before you could evaluate how well you could live in 2020?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why information would say little about standard of living

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