Is GDP a good measure of economic progress?* Olivier Vaury (École Normale Supérieure‚ Paris) Every year‚ or even every quarter‚ economic growth figures are anticipated and scrutinised to assess the economic health of a country. In spite of abundant commentary in the media by politicians and economists‚ the very notion of economic growth remains elusive: who really knows what it really measures ? Yet the level of GDP (or GDP growth) is probably the most widely used indicator for piloting economic
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Sampling and Measures of Central Tendency and Dispersion Introduction: Overall Job Satisfaction (OJS) was the variable selected for this exercise because it lends itself to measures of central tendency and dispersion. The data are quantitative and continuous in nature. Data Selected: The instructions for the exercise suggested a sample of approximately 30 individuals from one of eight variables. There were 288 measures of OJS. Every ninth individual was selected resulting in thirty-two
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Why is GDP per capita useful as a measure of living standards? What are the limitations of GDP per capita as a comparable measure of living standards? Gross Domestic Product (GDP) measures the monetary value of final goods and services produced in a given year by factors of production within a country. GDP reports are released on the last day of each quarter‚ reflecting the previous quarter. Therefore‚ it is measured on a quarterly basis and measures the level of economic growth in different countries
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does not measure a student’s academic success‚ potential‚ and capability Many schools assume that standardized testing is a good way to understand a student’s knowledge and see how smart that student is. Tim Moxey‚ the author of “How I Learned to Stop Worrying and Love Standardized Testing‚” says that “This is what’s best for education.” Later in the journal‚ he states “...how well single-minded thinking has
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Q: Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document your conclusion with regard to the appropriateness of the various performance measures. IAS 1 paragraph 82 states that the statement of comprehensive income shall include specific line items for the period. Paragraph 85 states that an entity shall present additional line items‚ heading and subtotals in the statement of comprehensive income… Paragraph 88 states that an entity
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10.0 RESIDUAL IMPACT AND EFFECTIVE MITIGATION MEASURES Residual impact can generally be defined as those impacts that cannot be fully mitigated and thus will still remain during the lifetime of the project. The following sub-sections describe and discuss these impacts with a particular emphasis on the nature of the impacts and the relationship to the environment. Residual Impact Available in The Project : 10.1 Permanent Land Use Change and Intrusion of Man-Made Structures Prior to development
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A Critical Analysis of Employment Equity Measures in South Africa A thesis submitted in fulfilment of the requirements for the degree of: Masters in Law of Rhodes University by Ismail Laher 2007 Preliminary Matters Abstract ii Acknowledgements iv Short Table of Contents v Extended Table of Contents vi Abstract This thesis analyses the Employment Equity Act 55 of 1998 and its application in labour law in South Africa. After an initial examination of the general concepts
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and greed by those in power however stand in the way of this form of justice from occurring‚ leaving many with little or no social status open to prejudice on race‚ religious and sexual grounds. <br> <br>Outlined by William Shakespeare in Measure for Measure and George Orwell in Animal Farm is the ease in which power can corrupt. <br> <br>A utopian society is created once a farmer is overthrown from his position in charge of all the animals on "Manor Farm". A set of rules to govern the citizens
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FISCAL POLICY AS AN ECONOMIC STABILIZATION MEASURE Fiscal Policy refers to the various decisions undertaken by the government regarding public expenditures and revenue. There are a large number of sub-policies that are encompassed by the fiscal system. But all the policies can be broadly categorized as being either ‘Public Expenditure’ or ‘Public Revenue’. It can be said that the fiscal policy is a direct government intervention in the economic processes of an economy. The fiscal policy
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KT2 7LB‚ UK A R T I C L E I N F O Article history: First received in February 22‚ 2008 and was under review for 5 months Keywords: Word of mouth Impact Brand commitment Familiarity NPS A B S T R A C T Using two methods‚ three measures‚ and data covering a large number of categories‚ we present findings on the respondent-assessed impact of positive and negative word of mouth (PWOM‚ NWOM) on brand purchase probability. For familiar brands‚ we find that: 1. The impact of PWOM
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