#Discuss the methods of measuring “National Income”. Ans: ‘National Income’ means the total value of goods and services produced annually in a country.There are three alternative methods of measuring national income.They are as follows: 1. Production Method 2. Income Method 3. Expenditure Method These methods are discussed billow: 1. Production Method: In production method national income is a total monetary value of all final goods and services during a
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NATIONAL INCOME AND ECONOMIC WELFARE 8.1 INTRODUCTION National income is a measure of production activity. So‚ a higher national income overtime should mean more production and more availability of goods and services to the people. Should more goods mean that people are better off? Are they better of in physical terms‚ or in psychological terms or both? Are there things other than national income which also contribute to the feeling of better off among people ? Are their things counted in national
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Measuring National Income - GDP Name For the following items‚ follow the directions‚ write the correct answer in the blank‚ or circle the correct answer. Having applied for a job at the Commerce Department’s Bureau of Economic Analysis‚ you are given the following hypothetical data to study before your interview. Figures are total value in billions of dollars. Household spending on: Services = $3‚008 Nondurable goods = $1‚776 Durable goods = $706 Business spending on plant and
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NATIONAL INCOME ANALYSIS OF INDIA (1950-2013) India is home to 1.24 billion people‚ which is about 17.5 per cent of the global population. The Indian economy is the 12th largest in USD exchange rate terms. India is the second fastest growing economy in the world. However‚ it accounts for only 2.98 per cent of world GDP in US dollar terms and 5.0 per cent in purchasing power parity (ppp) terms. Hence‚ there exists a huge potential for catch up. The global welfare too is linked to progress in India
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Culture of Mauritius: I chose the culture of Mauritius because I saw a documentary about the isle some months ago and I was caught by the beautiful landscape as well as the amount of endemic plants and animals from the island. Mauritius is an island state in the southwest of the Indian Ocean near Madagascar. The capital city of the main isle is called Port Louis. The slogan of Mauritius is: “Stella clavisque Maris Indici”. This is Latin and can be translated as “star and key of the Indian Ocean”
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Air Mauritius Air Mauritius is the national airline of Mauritius‚ based in Port Louis - the capital of Mauritius. Its main base comprises of Sir Seewoosagur Ramgoolam International Airport (MRU)‚ Mauritius. The airline provides domestic as well as international services‚ operating as many 80 flights per week. The symbol of Air Mauritius is phaeton rubicola or Paille-en-Queue‚ a fish-eating tropical bird. The airline appeared on the Mauritius Stock Exchange list in 1995. It employs a staff of over
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Mauritius At a Glance History Mauritius is an island‚ of volcanic formation‚ located in the centre of the Indian Ocean and has an area of 2‚040 km square. The island was first visited briefly in the years 1500-1600 by the Arabs‚ Portuguese and Dutch. The latter inhabited the island for almost a century and departed in 1710 while leaving the sugarcane plantation they had introduced. In 1715‚ the French then took control of Ile De France (as the country was then known). In 1810‚ the French surrendered
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MAURITIUS NATIONAL PROGRESS REPORT OF THE SPECIAL SESSION OF THE GENERAL ASSEMBLY ON CHILDREN – “A WORLD FIT FOR CHILDREN” MINISTRY OF WOMEN’S RIGHTS‚ CHILD DEVELOPMENT‚ FAMILY WELFARE AND CONSUMER PROTECTION December 2006 1 National Progress Report of the Special Session of the General Assembly on Children – “A World Fit for Children” INTRODUCTION Since 1991 the Ministry of Women’s Rights‚ Child Development‚ Family Welfare and Consumer Protection is mandated to cater for children
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Sustainable Mauritius Brundtland report (1987) has defined the term sustainable development as the development that meets the needs for the present without compromising the ability of the future generations to meet their own needs Sustainable development and planning is structured essentially around 3 elements: economic growth‚ social development and environmental protection. While development is associated with social development‚ it is also associated with environmental disasters if the development
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CONSTITUTION OF MAURITIUS Chapter I – THE STATE AND THE CONSTITUTION Article1.The State Mauritius shall be a sovereign democratic State‚ which shall be known as the Republic of Mauritius. Article 2.Constitution is supreme law This Constitution is the supreme law of Mauritius and if any other law is inconsistent with this Constitution‚ that other law shall‚ to the extent of the inconsistency‚ be void. Chapter II – PROTECTION OF FUNDAMENTAL RIGHTS AND FREEDOMS OF THE INDIVIDUAL Article 3.Fundamental
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