Basic Assumptions of Say’s Law: * (a) Perfectly competitive market and free exchange economy. * (b) Free flow of money incomes. All the savings must be immediately invested and all the income must be immediately spent. * (c) Savings are equal to investment
Premium Economics Capitalism Free market
The Philippine System of National Accounts (PSNA) Net Factor Income from Abroad - Estimation Methodology Income Flow | Estimation Methodology at Current Prices | Estimation Methodology at Constant Price | | Preliminary | Revised | | Inflow | | | | Compensation | Total stock of OFW x average salary x average forex | same as preliminary but uses updated data | | Property Income | Investment income from BOP x average forex | same as preliminary but uses updated data | | Total
Premium Gross domestic product Purchasing power parity Income
following table shows the national income data for an economy in year 2009 ITEM RM (million) Exports 1000 Personal consumption expenditure 700 Changes in stock -500 Indirect business tax 450 Government expenditure 3000 Investment 2500 Personal income tax 740 Subsidies 300 Imports 2500 Factors income paid abroad 600 Depreciation 255 Factors income received from abroad 570 Based on the above data‚ calculate: i. ii. iii. iv. v. 2. (a) GDPmp GDPfc GNPmp GNPfc National income Briefly explain TWO (2) government
Free Economics Macroeconomics Tax
normal goods with examples. 12) What are monotonic preferences? Explain why is an indifference curve (i) downward sloping from left to right and (ii) Convex 13) Explain the effect of following changes on the demand of a commodity. (i) A rise in the income of a consumer (ii) A fall in the price of the relative goods [3] [4] [4] [4] 14) What is consumer ‘s equilibrium? Explain the
Premium Consumer theory Economics Income
Chapter 23 Measuring a Nation’s Income TRUE/FALSE 1. In years of economic contraction‚ firms throughout the economy increase their production of goods and services‚ employment rises‚ and jobs are easy to find. ANS: F DIF: 1 REF: 23-0 NAT: Analytic LOC: The study of economics and definitions of economics TOP: Economic expansion MSC: Definitional 2. Macroeconomic statistics include GDP‚ the inflation rate‚ the unemployment rate‚ retail sales‚ and the trade deficit. ANS: T DIF: 1 REF:
Free Gross domestic product Economics Inflation
define the Injections and Withdrawals‚ preferably through the model of Circular flow of income: It is a simple economic model describing a circulation of income between producers (firms) and consumers (households.). It consists of direct inner flow between firms and households and outer flow. The outer flow is caused by the fact that households do not spend all of their income on consumption; part of their income is withdrawn as net savings‚ Net taxes and Import expenditure. This happens through
Premium Macroeconomics Tax Economics
Social Wellbeing 3 1.3 Disadvantage‚ Marginalisation‚ Power and Privilege 4 1.4 Brief Report Outline 4 2 Research Methodology 4 2.1 Reliability of Data and Limitations 5 3 Presentation and Analysis 5 3.1 Housing 6 3.2 Income 7 3.3 Survey Evidence 10 3.4 Survey results – Diagrammed 12 3.5 Conflict and Functionalist Theories 17 3.6 Functionalist Theory 17 3.7 Conflict Theory 18 4 Conclusion – Evaluation and Decision Making 19 4.1 Recommendations
Premium Sociology Social class Marriage
of food Successful items: Fries‚ Happy Meal‚ Big Mac‚ Egg McMuffin‚ Promotions Overseas market Balance sheet position WEAKNESS Declining market share Weak product development Disgruntled franchisees Quality and taste of products Slowed revenue and income growth OPPORTUNITY International expansion Only serving 1% of the world’s population Growing dining-out market Joint ventures with retailers (e.g. supermarkets). Consolidation of retailers likely‚ so better locations for franchisees. Respond to social
Premium Hamburger Fast food Income
Tax Law Assignment According to the Act Gross Income is defined as ‚ in relation to any year or period of assessment‚ means‚ in the case of any person‚ the total amount‚ in cash or otherwise‚ received by or accrued to or in favour of such person during such year or period of assessment from a source within or deemed to be within Namibia‚ excluding receipts or accruals of a capital nature‚ but including‚ without in any way limiting the scope of this definition‚ such amounts (whether of a capital
Premium Tax Generally Accepted Accounting Principles Taxation in the United States
cell-phone or any other aids. 2. The exam must be done in ink and not in pencil. 3. Time allotments are provided for each question as a guide to ensure that you spend the appropriate amount of time on each question. 4. You only need to give Income Tax Act references in Question 2. Selected parts of the Act are provided as part of this question. 5. Only one solution booklet can be used. You can write on both sides of each page. Questions 1 to 3 are to be answered in your solution booklet
Premium Taxation in the United States Taxation Tax