NATIONAL INCOME Definition: According to Alfred Marshall‚ National Income is the labour and Capital of a country‚ acting on its natural resources‚ produced annually a certain net aggregate of commodities and in materials including services of all kinds. This is the net annual income or revenue of the country or the true national dividend. According to A.C.Pigou “ The national income dividend is that part of the objective income of the community‚ including‚ the income derived from aboard
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Make a reflection about the video “front desk first impression unprofessional segment” A front desk agent handles office duties for a company or office. Front desk agents greet visitors‚ answer phones‚ schedule appointments and‚ in some instances‚ provide security. Since the front desk agent is often the first person a visitor sees‚ she must be professional‚ courteous and able to provide the necessary assistance. But in this video you can clearly see that the man is very unprofessional in
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------------------------------------------------- Commerce Clause: he Commerce Clause refers to Article 1‚ Section 8‚ Clause 3 of the U.S. Constitution‚ which gives Congress the power “to regulate commerce with foreign nations‚ and among the several states‚ and with the Indian tribes.” ------------------------------------------------- The Constitution enumerates certain powers for the federal government; the Tenth Amendment provides that any powers that are not enumerated in the Constitution
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Distribution of Income • The fifth macroeconomical goals to ensure that income distribution is equitable. Equitable means fair‚ but fairness is an elusive concept and it means different things to different people. • A more equitable distribution may help to accelerate growth and promote human and economic development in many ways: • The propensity to consume of the poor is higher than that of the rich so redistribution will increase aggregate demand especially for basic goods and services.
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new price? Rates fall from 7.55% to 6.55%. What’s the new price? 4. What is the formula for the PV of a single cash flow received n years from today? Calculate PV of each year’s CF from the Sleeping Beauty bonds. 5. Use the Excel Chart function to create pictures of: The “raw” cash flows from the Sleeping Beauty bond The present value pattern of the bond. 6. Use the NPV function in Excel to calculate the value of the Sleeping Beauties for each of the interest rates shown
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National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
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1. Briefly explain the functions and key characteristics of each of the above noted sectors of the hospitality industry and related industries Accommodation: the key characteristics of a resort manager is to ensure reception is ran appropriately‚ opening and closing at correct times‚ with high levels of customer service during all hours of business. A resort manager must be actively involved in recruitment and compile with department rosters‚ and most of all must implement work place health and
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Michael Ferrai Economics 001 Income Distribution November 13‚ 2012 Over the last 30 years the participation of women in the work force has increased dramatically‚ unfortunately the pay gap between men and women has not decreased much at all. On top of that the pay gap between the classes of working America is increasing. While there have been some improvements there is still a lot of room for improvement. As of 2011 women’s median hourly wages were about 84 percent of males median hourly
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HOSPITALITY STUDY NOTES Working in a socially diverse environment: * Hospitality means the friendly welcoming and entertainment of guests when you work in the hospitality industry‚ you are a representative of the organisation‚ and of the country. * Overseas visitors form their impression of a country by the way there are treated during their travel in their accommodation and the restaurants and cafes they visit. * You need to be able to convey the warmth and friendliness of welcome and
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Hospitality Unit 9: How the Hospitality Industry Contributes to Healthy Lifestyles What is a healthy lifestyle? ● A healthy diet helps to keep and improve people’s health and wellbeing. ● Healthy lifestyles are mostly associated with; family traditions‚ health education‚ likable occupation‚ safe environment‚ adequate nutrition‚ physical fitness‚ absence of bad habits or addiction‚ personal hygiene‚ love and tenderness and positive social communication. Carbohydrates ● Carbohydrates a
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