1. Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Real GDP is the production of goods and services valued at constant prices. Nominal GDP is the production of goods and services valued at current prices. Real GDP rather than nominal GDP to gauge economic well-being because real GDP is not affected by changes in prices‚ so it reflects only changes in the amounts being produced. If nominal GDP rises‚ you do not know if that is because of increased production or
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ENGL 1101 29 April 2013 Taxing or Not Taxing the Rich What is the most palpitating issue publicly discussed in the US now? Without doubt‚ it concerns US economy‚ its deteriorating position and the ways to cure it. Robert Reich‚ an American political economist and commentator‚ decided to put some skin in the game and published the article with unpretentious name “Why we must raise taxes on the rich”‚ where he suggests raising the tax on income of top earners as a catalyst of economic growth. Obviously
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Armchair Economist By –Steven E. Landsburg Reviewed by Table of Contents About The Book 1 About the Author 2 Review 3 Book Summary 4 What life is all about? 4 The Power of Incentives: How Seat Belts Kill 4 Rational Riddles: Why Rolling stones sell out? 4 Truth or Consequence: How to split a check or choose a movie 5 The Indifference Principle 5 The Computer Game of Life 5 Good and Evil 5 Telling Right from Wrong – The pitfalls of Democracy. 6 Why Taxes are Bad? 6
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WHY IT IS BETTER TO STUDY LOCALLY RATHER THAN OVERSEAS Specific Purpose: To persuade my audience on the benefits of studying locally and to convince them that ultimately‚ in the long run‚ it is wiser rather than studying overseas. Central Idea: It is very much better to study locally‚ not only because of the good quality of studies here‚ but many other supporting factors to ensure a balanced and wholesome life. Introduction Attention Getter:You have just finished your SPM or O-Level
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“Why do some people get paid more than others?” Pay in the private sector is a matter of demand and supply‚ sometimes influenced by market imperfections. In the public sector the picture is less clear cut‚ but the public sector must be considered if only because in so many countries it is such a major employer. (It would be a big mistake to assume that MRP doesn’t affect the public sector just because it doesn’t exist in most of the public sector. Since public sector employees have alternative
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Benjamin Graham is known to have grown the seeds of investment in America’s Wall Street. Graham was a great economist who introduced the present day security analysis. Being the founder of value investing Graham paved the way for a new era of economical strategy setting and planning which were carried forward by his students like Warren Buffett‚ Mario Gabelli‚ John Neff‚ Michael Price‚ and John Bogle and many others. Graham’s books ’Security Analysis’ and ’The Intelligent Investor’ are regarded as
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learn through encouragement and praise rather than punishment Children are said to be the world’s most fascinating creatures‚ with the way they think‚ respond and behave. Children are known for their many talents and their way of understanding. A child may try to do many things on their own but will still seek advise form their parent‚ teacher etc‚ so the question lies‚ do children learn through encouragement and praise rather than punishment? Of course they do‚ of course we know that a child tend
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St. Francis School Sta. Ana Manila High School Department WHY DO STUDENTS PREFER PLAYING ONLINE GAMES RATHER THAN STUDYING ? SUBMITTED BY: SOFIA ALYANNA B. ORTEGA 4TH YR. ST. LAWRENCE OF BRINDISI SUBMITTED TO: MS. MARIBEL J. ROQUE In the modern age‚ computers have become a part of a student’s life. Almost all the things around us were made by computers with the aid of modern machines. From the edited books‚ design‚ special effects in movies‚ and television etc.‚ were
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Using economic theory explain why some countries are richer than others. Abstract This paper tries to analyze why some countries are richer than others. Economic theory is used to identify the different factors affecting countries to be richer or poorer. Introduction One of the fundamental questions regarding the world during all the time is why some counties are richer than others. How is it possible that there are some countries in 21st century‚ where families cannot feed their children
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a) Find out the value of equilibrium national income. b) Check if there is a budget deficit or surplus. c) And what about the trade balance? d) What happens if Imports increase of 20? G = 55 M = 10 2. Given C = 40 + 0.5(Y-T) I = 60 G = 55 T = 10 + 0.2Y What is the value of equilibrium income level ? If both autonomous consumption (expenses) and T increase by the same amount‚ equilibrium Y will increase‚ decrease or being unchanged? Why? 3. In a closed economy with C‚ autonomous I
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