TB1 (Case/Fair/Oster) Chapter 6 Measuring National Output and National Income 6.1 Gross Domestic Product 1 Multiple Choice 1) The total market value of all final goods and services produced within a given period by factors of production located within a country is A) gross domestic product. B) gross national product. C) net national product. D) net national income. Answer: A Diff: 1 Topic: Gross Domestic Product
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President Obama: Analysis of the 2014 State of the Union Address-Job Security and Future The State of the Union is an annual address the President of the United States delivers to a joint session of the United States Congress‚ and it’s now broadcasted on live television. It fulfills Article II; Section 3 of the U.S. Constitution—requiring the President to periodically give Congress information on the "State of the Union" and recommend any measures that he believes is necessary and expedient. The
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oMNISOURCE‚ Fort Wayne January 2014- May 2014 Education Ivy Tech Community college of Fort Wayne‚ Northeast campus BS in criminal justice‚ Excel in writing‚ reading‚ and math classes as well as sociology courses. 3.2 GPA References Elliot Lawson OmniSource‚ Plant Manager (260) 241-8038 Dustin Harlan Pizza Hut‚ General Manager (260) 969-2400 Brian Vangilder Pizza Hut‚ Operations Manager (260) 385-2787 2115 Andrew St. Fort Wayne‚ Indiana 46808 December 16‚ 2014 Mr. Shane Housholder General Manager
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- dividends (eligible) - dividends (ineligible) - other income - SBD income - ABI over $500‚000 - investment income 28% 33% 45% 15% 25% 44 2/3% (38 + 6 2/3) Incorporation of Proprietorship The primary benefit of incorporation is the ability to use the small business deduction on $500‚000 of annual business income. Based on the existing profit the annual tax saving will be: Current taxes: .45 x $120‚000 After incorporation: Corporate income Less salary to Court Corporate tax (15%) Total tax: Corporation
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20: Income Inequality and Poverty 1) Income Inequality and Poverty A person’s earnings depend on the supply and demand for that person’s labor‚ which in turn depend on natural ability‚ human capital‚ compensating differentials‚ discrimination‚ and so on. 2) THE MEASUREMENT OF INEQUALITY How much inequality is there in our society? How many people live in poverty? What problems arise in measuring the amount of inequality? How often do people move among income classes? 3) Table 1 The Distribution
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Do they call virtue there‚ ungratefulness?” Sir Philip Sidney‚ “Sonnet 31” 2. Conceit- an elaborate‚ fanciful metaphor. “Our two souls therefore‚ which are one‚ though I must go‚ endure not yet a breach‚ but an expansion‚ like gold to aery thinness beat.” John Donne‚ “A Valediction Forbidding Mourning” 3. Hyperbole- an extravagant statement or figure of speech not intended to be taken literally. “I brought a heart into the room‚ but from
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prices and nutritional value‚ but for how good they taste. “More or less” Gini index measures inequality Brazil: inequality worldly-famous The view that income inequality harms growth—or that improved equality can help sustain growth—has become
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Per capita income as a measure of prosperity Per capita income is often used as average income‚ a measure of the wealth of the population of a nation‚ particularly in comparison to other nations. Per capita income is often used to measure a country’s standard of living. It is usually expressed in terms of a commonly used international currency such as the Euro or United States dollar‚ and is useful because it is widely known‚ easily calculated from readily-available GDP and population estimates
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the growing inequality between wages and profits. Through looking at these two relationships we can see the worsening condition of the distribution of income and wealth in Australia. When looking at changes in income in Australia‚ the recent trends (as seen in diagram 1 and diagram 2) shows the top 20% or highest quintile‚ increasing their income share from an averaged 38% in 1994/95 to over 41% in 2007/08. This increase has resulted from the long period of economic growth‚ characterised by increasing
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Low income community is the target market for extreme value retailers like Dollar General and Family Dollar. But they also serve the rural and urban shoppers that belong to low-to-middle-income families‚ ethic groups and older customers with fixed incomes. The low income families experience significant higher levels of material hardships than families one rung father up the economic ladder – families with incomes two to three times the poverty level. They tend to skip meals or not being
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