national output which will be equivalent to national expenditure. Therefore if we want to calculate the National Income of a country‚ we can use three distinct methods. The Income Method: This method of measuring National Income takes into account all the incomes generated when producing the national output. When we add up all the incomes like wages‚ rate‚ interest‚ profits‚ profits‚ surplus of government enterprises we get National Income of a country. Transfer payments are not included in the calculation
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Should we ‘Tone Down’ ANZAC Day to be considerate of ethnic minorities in Australia? Of course not. But a substantial amount of Anglo-Australians believe that we should. This makes absolutely no sense at all. Why would anyone be offended by ANZAC day‚ we are remembering the brave men and women who have fought and died for this country‚ as well as the ones that continue to fight for our country overseas. I don’t see how anyone may be offended by that‚ except for maybe the Turkish or the Germans
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Should we judge a person by external appearances? One person has no right to chose his own appearences when he was born. Appearances can’t prove how good or bad he is. However‚ it is characteristic that he creates during his life embodying his nature. I think it is not a good idea to judge a person by externals. Appearances are not synomynous with his real man. By this I mean a person with attracting outsides_ a beautiful face‚ a standard build might be able to behave badly. In my personal
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agrees “We have to have a date that’s more inclusive than January 26.” The changing of the date of Australia Day would broadcast our sincerity and hope for reconciliation for what the first settlers committed. To many Australians‚ Australia Day is just another day off. Therefore‚ Australia Day should be changed to a more appropriate date that truly represents Australians at our finest. The First Fleet is nothing to celebrate about. January 26‚ 1788 was the last day Indigenous Australians were the
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Ever wondered the philosophy behind wearing school uniforms? Do you think all schools in the United States should have school uniforms‚ why or why not? In schools where students are obligated to wear school uniforms everyone generally looks the same every day‚ there is a slightly different style between boys and girls‚ but both are wearing the same colors. There is a belief that there should be no school uniforms; people don’t benefit from looking like everyone else every day. Most people are expressing
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Summer-2013 - ECON 201 [section - A] Assignment # 2 Part (I) - Market Demand Question # 01: If the market demand curve is D ( p ) = 100 − 0.5 p ‚ what is the inverse demand curve? Question # 02: An addict ’s demand function for a drug may be very inelastic‚ but the market demand function might be quite elastic. How can this be? Question # 03: If D ( p ) = 12 − 2 p ‚ what price will maximize revenue? Question # 04: Suppose that the demand curve for a good is given by D( p) = 100 maximize revenue?
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I.The demand for smartphones worldwide. – The worldwide mobile phone market grew 1.9% year over year in the fourth quarter of 2012 (4Q12)‚ as the number of smartphone sales raised to levels nearly equal to those of other phones. 219.4 million units in 4Q12‚ which represents 45.5% of all mobile phone shipments‚ the highest percentage ever. On an annual basis‚ 712.6 million smartphones were shipped globally in 2012‚ which was 44.1% more than in 2011. -Top Five Smartphone Vendors‚ Shipments‚ and Market
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income elasticity of demand help explain these things ? Q ( Demand ) QS0 Superior QI1 QI0 Inferior QS1 Y1 Y0 Y ( Income ) During the decline in economy activity‚ the spending power will decrease which is similar as the decline in income. Home food which is economical are inferior goods while restaurant food which is much more costly are superior goods. Therefore from the income elasticity of demand curve‚ the demand for home food will increase
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Should we be importing food from abroad? With the demands of luxury in western society‚ international imports have been increasing in the UK. This is contributing greatly to global warming through greenhouse gas emissions: chemicals for fertilizing‚ planes‚ trains‚ ships and Lorries for transporting‚ etc. And with the world’s resources slowly running out‚ there is increasing conflict over the increased choice of foods we enjoy and how sustainable our agricultural system is. So what side are you going
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The word “free” is something everyone likes to hear because it means they can receive what they want without having to pay to obtain it therefore profiting. However‚ nothing is truly free because if one individual doesn’t pay then another will have to in his place. It’s how our world works‚ as well as the economy! The same goes for college‚ everyone one would agree that free college sounds amazing! With free college all those loans could be avoided leading to a happier‚ debt free life‚ right? While
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