NATIONAL INCOME Definition: According to Alfred Marshall‚ National Income is the labour and Capital of a country‚ acting on its natural resources‚ produced annually a certain net aggregate of commodities and in materials including services of all kinds. This is the net annual income or revenue of the country or the true national dividend. According to A.C.Pigou “ The national income dividend is that part of the objective income of the community‚ including‚ the income derived from aboard
Free Gross domestic product Economics Income
Classificatory smoothing of Income with Extraordinary Items - Summary Within this paper they talk about whether extraordinary items are used to smooth ordinary or operating income over time. The role of extraordinary items was never really looked at become separately and that is what they wanted to look at. They talk about how previously the focus was on net income after extraordinary items but that it is important to look at net income before extraordinary items also
Premium Revenue Generally Accepted Accounting Principles Income
Oprah Gail Winfrey‚ a famous black writer‚ talk show host‚ and actress‚ was born on January 29‚ 1954‚ in Kosciusko‚ Mississippi .She was born to unwed‚ teenage parents. Her mother Vernita Lee was eighteen and a housemaid. Her father Vernon Winfrey was twenty and in the armed forces. Winfrey was named Orpah from the Book of Ruth in the Bible‚ but her name was later changed to Oprah because it was easier to pronounce. As a youth‚ Winfrey moved to Milwaukee to live with her mother. Her mother’s
Premium
Distribution of Income • The fifth macroeconomical goals to ensure that income distribution is equitable. Equitable means fair‚ but fairness is an elusive concept and it means different things to different people. • A more equitable distribution may help to accelerate growth and promote human and economic development in many ways: • The propensity to consume of the poor is higher than that of the rich so redistribution will increase aggregate demand especially for basic goods and services.
Free Progressive tax Tax Taxation
A human life should revolve around being good and making other lives better. Who has done this and more? Who is a continuous inspiration to all races‚ genders‚ and religions? None other than Oprah Winfrey - who dedicates her power‚ fame‚ and fortune to making those around the world an opportunity to live‚ learn‚ and love. While thinking of someone who has not only benefited other people‚ I wanted to choose a being who has inspired me from a young age. When I was 8 years old‚ after school was "Oprah
Premium
social discrimination existed all over the world‚ such as racial‚ religions‚ sex discrimination etc. Every person has equality before the law‚ but‚ in many case‚ the fate of people would be decided to depend on their background. Depending on parent income‚ some people can graduate from private university‚ others just graduate from public high school. In fact‚ these different of process would greatly influence in their future. As I watched video which story about social discrimination and each worker
Premium United States Racism Social movement
National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
Premium Gross domestic product Economics
Table A Table A: Condensed Income Statements‚ 1991-1993 (thousands of dollars) 1991 1992 1993 Net sales Cost of goods sold Gross profit Operating expenses Interest expense Interest income Profit before taxes Federal income taxes Net profit $5‚213 3‚597 $1‚616 1‚199 68 20 $369 125 $244 $6‚167 4‚440 $1‚727 1‚542 75 15 $125 43 $82 $7‚967 5‚577 $2‚390 1‚912 85 16 $409 139 $270 Page 1 Table B Table B: Balance Sheet at December 31‚ 1993 (thousands of dollars) Cash Accounts
Premium Balance sheet Generally Accepted Accounting Principles Asset
National Income Determination Introduction • A key objective of Macroeconomics is to explain GDP growth and its fluctuations • Therefore‚ need to understand the forces that determine GDP (“National Income”) • John Maynard Keynes in his “General Theory of Employment‚ Interest and Money” (1936) developed a model of income determination • Known as Keynesian Theory of Income Determination • Aggregate spending / demand determines the level of aggregate output Concepts and Functions Actual
Premium Macroeconomics Keynesian economics Consumption function
Michael Ferrai Economics 001 Income Distribution November 13‚ 2012 Over the last 30 years the participation of women in the work force has increased dramatically‚ unfortunately the pay gap between men and women has not decreased much at all. On top of that the pay gap between the classes of working America is increasing. While there have been some improvements there is still a lot of room for improvement. As of 2011 women’s median hourly wages were about 84 percent of males median hourly
Premium United States Tax Household income in the United States