Manila‚ Philippines - Election spending is going to be one of the biggest contributors to economic growth this 2012 and 2013‚ giving the government confidence that it may exceed existing growth targets. The official economic growth targets are set at 5% to 6% in 2012 and 6% to 7% target in 2013. In an interview on Monday‚ October 1‚ Budget Secretary Florencio B. Abad said with the 2013 mid-term polls just around the corner‚ the country may already see some election spending toward the end of the year
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spent by the government through purchases and taxes will cause these individuals to make changes to government spending and our taxes‚ which will directly impact our policy and should those designated individual always take into consideration the effects of the changes being made will have on the future of the economy. In order for one to determine how the changes in government spending and taxes positively or negatively affects the economies production and employment the following must be considered
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net worth of inventories. 3. Government Spending – the value of consumption and gross investment of goods and services. 4. Net Exports – value of U.S. exports of goods and services minus the value of U.S imports of goods and services. According to The World Bank website‚ the 2012 GDP dollars for the United States‚ China‚ India‚ and Turkey are shown in the graph below. This chart shows that the US ranks the highest of the four countries in GDP spending and Turkey ranks the lowest. It is not surprising
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calculation‚ a fall of 0.5 percent in the non-defense capital spending category remains. This category includes goods expected to last three years or more. The fact that such goods are durable makes their purchase postponable--a characteristic that causes much concern during a period of economic recovery. Economists use this category of non-defense capital goods spending as a measure of business spending: the most volatile component of total spending in the economy. As confidence in the economy worsens
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in the rate of VAT (sales tax) c. a slowdown in the GDP growth of world trade. Make sure that you include clear and appropriate diagrams for this question 2. Choose an economy. Analyse the main effects of a large cut in its government spending Question 1 counts for 45 marks and question 2 counts for 55 marks. The guide TOTAL word limit (for both Questions 1 and 2 inclusive) is 1‚000 words. The deadline for submitting this assignment is 17th April 2013. Answers: A. A cut in the
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Paper Proposal: My interest in the topic of publicly funded stadiums and arenas for private sports franchises has been fueled by the situation in my hometown of Sacramento‚ and the building of a new downtown arena for our beloved Sacramento Kings. The city is going to be picking up most of the tab for the new arena‚ and the deal comes after years and years of other failed attempts to publicly fund a much needed modern arena. The Kings arena saga also includes many attempts to relocate the
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GDP is 1320. b. GDP is 1260. c. Net private saving is -50. d. Net private saving is 30. Question 5 In the circular flow of spending‚ which ONE of the following items does NOT constitute an increase of the flow of spending/income? a. Government purchases of goods and services. b. Business investment spending. c. Spending on imported goods. d. Government spending on transfers. Question 6 Consider the following statements: I. If there is a surplus in the current account‚ and private investment
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generation of flashing advertisements‚ constant brand name bombardments‚ and off the meter spending habits. These factors combined with their disposable income enable this youth to become shopping fanatics‚ allowing smart retailers to make bank. With the Internet continuously accessible‚ malls with numerous “hip” stores‚ and brand names that promise popularity‚ Generation Y is consumed entirely by their spending habits. Celebrity endorsements and brand names are what they are looking for; consequently
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money on goods and services as they have more money to spend and also businesses would invest more and hire more labour as it links to increasing demand. Recession however occurs when people involved in business become more cautious so they cut their spending down and also cut back on their orders as well as making workers unemployed or redundant. Growth affects the business activities for John Lewis because just as economy can change for a business so can demand for products and both could be associated
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intervened by alleviating poverty and redistributing income in different forms of transfer payments such as welfare‚ Medicare‚ Social Security and employer-provided health insurance. Despite the good intentions‚ these programs‚ which involved large spending‚ haven’t been entirely effective in helping the poor. Therefore‚ even though the poor might suffer from an extensive economic inequality‚ the government cannot intervene by levying these transfer payments to focus on the equal outcome rather than
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