confine youth in detention centers‚ and to supervise 7.3 million individuals on probation and parole. Indeed‚ confinement costs have claimed an increasing share of state and local government spending. This trend has starved essential social programs‚ most notably education. Almost 75 percent of imprisonment spending is made at the state level‚ where dollars are drawn from a general fund that is used to pay for a litany of public needs that include health care‚ housing‚ public assistance‚ and education
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The effect that the financial crisis has had on the global economy. Financial crises ? Due to lack of liquidity in the financial institution causes recession or depression in the economy. The situation occurs in which the value of financial assets or institutions drops promptly. Financial crises always concord with a panic or run n the banks‚ in this situation investors sells off their all assets keeping in mind that their values will go down and they also withdraw money from their saving
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have. Purchasing food sounds like an easy thing to do but if you are limited on money‚ it can be very stressful. The price of food affects the government. Products are produced and sold within our country; this affects GDP‚ real GDP‚ and nominal GDP. This is precisely relevant to buyers spending and during periods of recession‚ buyers ease up on spending and decide to save. Once consumers venture into savings mode‚ all business will be effected because production is down and this could cause layoffs
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rates‚ Unemployment levels‚ Wage/ price controls‚ Devaluation/ revaluation‚ Energy alternatives‚ Energy availability and cost‚ Disposable and discretionary income‚ Currency markets‚ Global financial system. Technological: Total government spending for R&D‚ Total industry spending for R&D‚ Focus of technological efforts‚ Patent protection‚ New products‚ New developments in technology transfer from lab to marketplace‚ Productivity improvements through automation‚ Internet availability‚ Telecommunication
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successful‚ its rediscovery has drawn reaction as “Unlawful”‚ aside from being unconstitutional‚ it does not serve‚ neither its spending was translated to over-all increase of jobs‚ nor trigger a downturn in poverty incidence. II. Background The Disbursement Acceleration Program (DAP) is a stimulus package under the Aquino administration‚ designed to fast-track public spending and push economic growth. This covers high-impact budgetary programs and projects which will be augmented out of the savings
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&RQT=309&VName=PQD&TS=1226113154&clientId=27520 Anonymous. Oxford Economic Country Briefings. Oxford: Sep 29‚ 2008. pg. 1‚ 7 pgs Abstract (Summary) [...] the government is concerned enough about the growth outlook and the turn of global events to announce a range of fiscal boosts -from tax cuts to yet more infrastructure spending. * Although the prospects for export growth have worsened‚ the trade surplus may end up higher than previously expected due to the sharp fall in imports growth‚ which
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understood by learning the importance of gross domestic product also known as GDP‚ fiscal policies’ effect on the economy‚ and the roles of government bodies that determine national fiscal policies. All of which are necessary to understanding the true works of the economy. In this paper the author will explain these topics and how changes in government spending and taxes positively or negatively affect the economy’s production and employment. Gross Domestic Product (GDP) GDP is the statistic used
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been adjusted to account for inflation‚ and the nominal GDP has not been adjusted. Economists use the Real GDP to show practical relevance and to allow a comparison of apples to apples over time. Household consumption‚ firm investments‚ government spending‚ and net exports are often compared in terms of real GDP. The nominal GDP is a snapshot of a moment in the economy with no adjustments for inflation. Comparing a Nominal GDP snapshot from one moment to the next is like comparing apples to
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Philippines is located in a region prone to numerous natural disasters and these natural disasters greatly affect the economy of the Philippines. Now because of the numerous disasters the location of Philippines brings‚ the government has to compensate for the destruction by spending on the rebuilding of damaged infrastructures and affected conditions in the country‚ i.e. the destruction typhoon Haiyan (Yolanda) brought to the country. Destruction of property costs billions while rebuilding is just as
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money to spend. When people start spending more money‚ the economy will start circulating the money. This cycle will ultimately have a snowball effect‚ which will eventually revive the economic recession. Another reason why the government gives incentive for tax deductions is to simply have the big businesses to buy more helpful products for their employees‚ which will have the government spend more money on healthcare and other expenses. The government also gives incentives to sole proprietors
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