CASE STUDY: THE EFFECTS OF NATURAL DISASTERS ON THE GDP OF THE PHILIPPINES In Partial Fulfillment Of the course requirements In ECOMET2 Submitted By: Inacay‚ Giancarlo Submitted To: Dr. Cesar Rufino School of Economics De La Salle University-Manila December 16‚ 2014 Table of Contents I. Introduction II. Review of Related Literature III. Theoretical Framework IV. Data V. Methodology VI. Results VII. Appendix VIII. Bibliography Abstract The Philippines is located in a region
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How inflation affect the common man? In: Inflation [Edit categories] The Economist MagazineEconomistSubscriptions.com Get a World view Every Week. 12 Issues for Rs. 500 only! Ads Answer: Inflation is the overall increase in cost of products and services. Increase in taxes and fees leads to inflation. Inflation also generally causes due to scarcity. When the cost of business increases‚ the prices of the products increases and this abrupt increase‚ the income rate supposedly goes down. These
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INFLATION In economics‚ inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises‚ each unit of currency buys fewer goods and services. Consequently‚ inflation also decrease the purchasing power of money. Effects of Inflation on economy 1. Decrease Production: People buying less of goods and services as their income is limited. This leads to slowdown not only in consumption but also production. This is because
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Collective Bargaining in the Public Sector Linda Howerton PHI 103 Informal Logic Instructor: Ms. Tanya Martin October 22‚ 2012 Collective Bargaining in the Public Sector Union membership is today at an all time low. It has been steadily declining since the 1980’s. Private sector union membership has been affected the most‚ while that of the public sector has remained relatively strong (Devinatz‚ 2011 Spring). Public worker unions‚ especially state
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Unexpected Inflation and Redistribution of Wealth in Canada Césaire A. Meh‚ Canadian Economic Analysis‚ and Yaz Terajima‚ Financial Stability One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans in the economy are specified in fixed-dollar terms. Unexpected inflation redistributes wealth from creditors to debtors by reducing
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Section 1 – Understand the factors that affect an organisation and the customer service role 1. Complete the table below with a description of the products and services for at least two commercial organisations‚ public organisations and third sector organisations. Please ensure you provide a description for each organisation‚ rather than a list. Organisation type | Name of organisation | Description of products and services | Commercial organisation | Cleaning firms
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Objectives: How is inflation measured The calculation and limitations of these indices The effects of inflation Important points to remember: Consumer Price Index (CPI) - A measure of price changes in consumer goods and services such as gasoline‚ food‚ clothing and automobiles. The CPI measures price change from the perspective of the purchaser. GDP Deflator- measures price changes in current year compared to those in a base year‚ for all goods and services produced within the country and
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Distinguish between microeconomics and macroeconomics • Identify the broad macroeconomic policy objectives of governments • Define the terms inflation‚ deflation and disinflation • Explain the calculation of the CPI • Examine the accuracy of the CPI as a measure of inflation • Discuss the causes and effects of inflation • Explain the policies for controlling inflation Micro and Macro Economics • Microeconomics is the branch of economics that concerns itself with the study and behaviour of consumers and
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Introduction What inflation is? Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Subsequently‚ it will cause purchasing power fall. In simple terms‚ it means that too much of money is chasing for one particular item. When too much of money is available‚ the seller may raise the price of which he is willing to sell. In the long run‚ inflation has the potential of erasing the purchasing power of the people. It is because when
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Inflation goes Down to Three Years Low to 6.62 percent in January 2013 Published on: 15-FEB-2013 Data released by the Commerce and Industry Ministry reported that Inflation went down to its three year low of 6.62 percent in January 2013. SEBI ordered freezing of accounts and attachment of properties of two companies of Sahara Published on: 14-FEB-2013 Seizure of Bank Accounts of two companies of Sahara and attachment of its properties ordered by SEBI‚ the market regulator on 13 February 2013
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