Form 6 Economics Unit 2 1 ½ Hours Answer ALL questions 1. Which one of the following constitutes a leakage from the circular flow of income? a. The purchase of a domestically produced good by a domestic company b. The purchase of a domestically produced good by a foreign company c. The payment of value added tax on goods sold to the domestic market d. Government aid to companies in financial difficulties 2. Which of the following is not a reason for a country collecting national income
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indicates a strong and expanding economy. A falling GDP is associated with higher unemployment and overall economic weakness. Things the GDP does not included 1. Intermediate goods and services‚ which are inputs in the production of goods (i.e. Steel) 2. Second hand goods (not included‚ since they were already previously counted) 3. Buying & selling of stocks 4. Transfer payments (social security benefits‚ unemployment compensation‚ scholarships) 5. Profits from Canadian owned companies overseas
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THE GROWTH OF THE NIGERIAN ECONOMY AND THE NATIONAL UNEMPLOYMENT RATE 1996 - 2010 BY ADEOTI‚ JULIUS OLAKUNLE ECONOMICS DEPARTMENT EMMANUEL ALAYANDE COLLEGE OF EDUCATION‚ OYO. 08035680332‚08058364379 BEING A PAPER PRESENTED AT THE 4TH ANNUAL NATIONAL CONFERENCE OF THE SCHOOL OF ARTS AND SOCIAL SCIENCES‚ ADEYEMI COLLEGE OF EDUCATION‚ ONDO‚ ONDO STATE HELD BETWEEN 23RD – 26TH APRIL‚ 2012. VENUE: OLUSEGUN OBASANJO AUDITORIUM‚ ADEYEMI COLLEGE OF EDUCATION
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do with the Great Depression‚ but the “low wages‚ high rates of seasonal unemployment‚ […] and unequal distribution of wealth” were the main causes (Zeitz 7). Like in any story with a problem‚ a hero arose. President Franklin D. Roosevelt came into presidency after Hoover’s incapability to fix the problem. He proposed “The New Deal‚” that made credit and banks more stable‚ helped the unemployed and elderly‚ and reduced the unemployment rate. Contrary to Hoover‚ President Roosevelt helped the people
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“To what extent did the liberal reforms in 1906-1914 improve the lives of people?” The Liberal government introduced a series of reforms aimed at moving away from the Laissez-faire ideology and toward a more self help scheme aiming to move people away from poverty and to make Britain a better country both in health and prosperity; Churchill said “If we see a drowning man we do not drag him to the shore‚ instead we provide help to allow him to swim ashore”. To do this the Liberals aimed at giving
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Suppose the natural rate of unemployment is 5 percent. If the actual unemployment rate is 7 percent‚ then the cyclical unemployment rate is 2 percent. is -2 percent. is 12 percent. cannot be determined given the information. 5 points Question 2 1. Cyclical unemployment is positive when the inflation rate is positive. the economy is at the peak of a business expansion. the natural rate of unemployment exceeds the actual rate. the actual unemployment rate exceeds the natural rate
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GDP trend is negative. Consumer spending is low. Government spending and investment spending are decreasing. Trade balance is decreasing but positive. However‚ Belgium is rapidly losing market share. Both consumer and business confidence are low. Unemployment rate is relatively low. The Belgian economy faces several challenges. Debt rate has increased again and is now about 100% of the GDP. Budget deficit is at 2.9%. The government is spending about 55% of the GDP‚ mainly on transfers and wages for
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Economic Research Understanding US Economic Statistics Fifth Edition Revised Important disclosures appear on the back cover of this publication. Goldman Sachs US Economic Research Goldman Sachs Economic Research Group In New York +1(212) 902 6807 In London Jim O’Neill‚ M.D. & Chief Currency Economist David Walton‚ M.D. & Co-Director of European Economic Research Andrew Bevan‚ M.D. & Director of International Bond Economic Research Erik Nielsen‚ Director of New European Markets Economic
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Labour Market: Stimulus/Research Task What is meant by the term unemployment? Unemployment refers to a situation where individua want to work but are unable to find a job‚ and as a result labour resources in an economy are not utilized. Unemployment is often used as a measure of the health of the economy. Different types of unemployment cyclical unemployment (involuntary unemployment due to fall in the demand for labour) Caused by a contraction in economic activity or aggregated demand. (downturn
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The only way to cut crime in our country is to make punishment server Year after year the world has change. Those changes have had the good and the bad impact in society. One of the bad impact is crime and violence. According to statistics in Albania in recent years crime has increased. Our country is the first in Balkans with the highest percentage of murders. There is an increase in burglaries‚ robberies‚ violence. The statistics show the murders level plot 4 to 100 residents.
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