Lecture Notes on Measuring the Economy By: Melcah T. Pascua National Income Accounting The primary measure of the economy’s performance is its annual total output of goods and services or‚ as it is called‚ its aggregate output. Aggregate output is labeled Gross Domestic Product (GDP): the total market value of all final goods and services produced in a given year. Three approaches of computing GDP. 1. The Expenditure Approach (Output Approach) Personal Consumption Expenditure
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Canada‚ the NDP believes that every Canadian citizen should have quality‚ reliable health care. In fact‚ the NDP initially created Canada’s public health care system. In addition to the current health care system‚ the NDP is trying to create legislation that would grant free dental and drug coverage for seniors over the age of 65. Lastly‚ recent debate in both Canada and the United States has been on the subject of whether or not health care should be privatized. It is the belief of the NDP that the
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(2010) ‘A Profile of U.S. Importing and Exporting Companies 2008 – 2009’‚ ‘ U.S Census Bureau News‚ [online]‚ available at: http://www.census.gov/foreign-trade/Press-Release/edb/2009/edbrel.pdf The NDP Group‚ (2009)‚ ‘Feature Phones Comprise Overwhelming Majority of Mobile Phone Sales in Q2 2009’‚ NDP Press‚ [online]‚ available at: http://www.npd.com/press/releases/press_090819.html CIA (2011)‚ the World Factbook‚ [online]‚ available at: https://www.cia.gov/library/publications/the-world-factbook/geos/us
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For the exclusive use of P. ISLAS GARCIA 4226 JULY 31‚ 2010 THOMAS R. PIPER HEIDE ABELLI Monmouth‚ Inc. Harry Vincent‚ executive vice president of Monmouth‚ Inc.‚ was reviewing acquisition candidates for his company’s diversification program. One of the companies‚ Robertson Tool Company‚ had been approached by Monmouth three years earlier but had rejected all overtures. Now‚ however‚ Robertson was in the middle of a takeover fight that might provide Monmouth with a chance to gain
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change instantly Liberals and Conservatives began to like many of Woodsworth’s and the CCF’s ideas. After a slow start‚ the Co-operative Commonwealth Federation (CCF) changed its name and became one of the three main political parties in Canada. “The NDP was created in 1961 as a merger of the Co-operative Commonwealth Federation and the Canadian Labour Congress.” The CCF was falling apart and along with changing the name came people who decided to stick with the old one. Eventually they
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Q.: 1: The manuscript for this book was typed for free by a friend. Had I hired a secretary to do the same job‚ GDP would have been higher‚ even though the amount of output would have been identical. Why is this? Does this make sense? A.: 1: If a secretary were hired to type the manuscript‚ they would have had the opportunity to provide a service at a price. We know that each good and service produced and brought to market has a price. That price serves as a measure of value for calculating total
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at home but not reported‚ such as typing someone else’s term paper Ans: D Difficulty: Easy 4. Which of the following statements is true? A) NDP is greater than GDP if prices are falling B) NDP is greater than GDP if prices are rising C) NDP can be greater than GDP but only if the economy is growing D) NDP cannot be greater than GDP E) NDP must always be greater than GDP Ans: D Difficulty: Easy 5. Increases in unwanted business inventories are counted as A) a
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The Four Political Parties of Canada In a country as vast and as culturally diverse as Canada‚ many different political opinions can be found stretched across the country. From the affluent neighbourhoods of West Vancouver to the small fishing towns located on the east coast of Newfoundland‚ political opinions and affiliations range from the left wing to the right wing. To represent these varying political views‚ Canada has four official national political parties to choose from: the Liberals
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Gross Domestic Production (GDP) Definition of GDP The monetary value of all the finished goods and services produced within a country’s borders in a specific time period‚ though GDP is usually calculated on an annual basis. It includes all of private and public consumption‚ government outlays‚ investments and exports less imports that occur within a defined territory. GDP = C + G + I + NX where: "C" is equal to all private consumption‚ or consumer spending‚ in a nation’s economy "G" is
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Antaryami Patra vs State of Orissa To appreciate this contention in its proper perspective‚ it would be appropriate to notice the two provisions which are extracted here in below in extension: Section 18 of the Juvenile Justice Act‚ 1986 reads as follows: Bail and custody o1 juveniles: (1) When any person accused of a bailable offence and apparently a juvenile is arrested or detained or appears or is brought before a Juvenile Court‚ such person shall not withstanding anything contained in the
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