EXPENDITURE GROWTH AND ECONOMIC GROWTH IN NIGERIA (1990 – 2010). Introduction In the nineteenth century‚ public expenditure under the influence of the classical economists‚ played a limited role in economic activity. There was neither any sound classification of government expenditure nor any standard laid on which all such expenditures should be based. However‚ in the latter part of the nineteenth century‚ Wagner (1883) observed that there exists a relationship between economic growth and public
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What is Inflation? Relation between Growth and Inflation What is growth? The increase in an economy’s capacity to produce goods and services‚ compared from one period of time to another is known as Economic Growth. It is measured in nominal terms‚ inflation‚ or in real terms‚ which are adjusted for inflation. Economic growth is generally associated with technological changes. The growth of an economy is thought of not only as an increase in productive capacity but also as an improvement in the quality
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Causes and Effects of Unemployment Travis Epling Strayer University ENG 105 Jeanette Trammel 9/14/14 Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment‚ it has a devastating effect on the individual‚ family‚ and economy. Unemployment defined by the Encyclopedia Britannica is the condition of one
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SMUGGLING AND ITS EFFECTS TO THE ECONOMIC GROWTH IN THE PHILIPPINES A Term Paper Presented to Ms. Jenifer F. Nara Faculty‚ English Department Xavier University – Ateneo de Cagayan In Partial Fulfillment of the Requirements for the Course English 27 (Writing Term Paper in the Discipline and Business Correspondence) Presented by Reyjen Kate J. Enoy Regine May U. Tadlas Section BE October 2‚ 2014 Rice Smuggling and Its Effects to the Economic Growth in the Philippines
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11/18/2011 Suleyman Causes and Effects of Unemployment Unemployment rate is the litmus paper of a country’s economy‚ security and its overall production force. The more unemployment rate increases the more consumption rate decreases. Since many people are unemployed‚ their spending power struggles causing the economic wheel to stop rotating. High Unemployment rates indirectly induce a widespread of insecurity within the general population. Unemployment‚ which caused by many factors has had
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Introduction to Economic Growth Economic growth is defined as a positive change in the level of production of goods and services by a country over a certain period of time. With that in mind‚ I must say that economic growth is often desirable for a country as a whole. However‚ one has to acknowledge and able to differentiate between Nominal Economic Growth (NEG) and Real Economic Growth (REG). NEG is derived without considering the effect of inflation whereas REG is calculated based on the effect of inflation
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A Study on Grade Inflation: The Inflation of Grades in American Educational Institutions An epidemic is what one might call the trend of the slowly increasing average in the grades of colleges all across America. It is a particularly subtle ascension‚ albeit a troublesome one. Grade inflation is a major issue in the American educational institutions it affects- data reveals the various causes that lead to the inflation of grades- caused both by students and their instructors‚ which in turn has many
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i) Discuss the effects of inflation on consumers in the country. One should wonder how the average wage earner is going to survive in the city with the arbitrary hikes in food prices‚ not only in Kuala Lumpur but word has it that food prices are generally 20 to 30% higher over in East Malaysia. Hawkers and restaurants seem to raise their prices‚ usually citing the oil hikes and its gravy train effect on every thing from higher transportation costs‚ higher labour costs‚ profiteering and essential
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Case #9 1. Is it proper to multiply the average order size‚ $42.33‚ by the number of addresses (1‚300‚000) in the target mailing? a. No‚ there is far too much variability in responses‚ including a massive outlier‚ to have any confidence in this average. The response rate is very low‚ one would be concerned as to why the rate of response was only 9.2%. The question would therefore be whether the remaining 90.8% will follow the same pattern or will they buy anything at all. There is also
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developed country? Surveys are made and reports being churned out that state the economic growth of a nation. Does the rate of this economic growth a true indicator in this regard? If that is true why is it then that even in the 21st century decades after the industrialization and years after globalization the proportion of developed countries to under-developed countries is still wide enough? The answer lies in the economic development of these countries. If the gross domestic product or national income
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