CHAPTER1 INTRODUCTION: The question of an acceptable formula for revenue sharing among the component tiers of the Nigerian nation is one of the most protracted and controversial debates in the political and macroeconomic management of the economy. This debate has its foundations in the history and evolution of the Nigerian federation. “Revenue allocation or the statutory distribution of revenue from the Federation Account among the different levels of government has been one of the most contentious
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”Critical analysis of new Foreign Trade Policy 2009-14 of Govt. of India” The Foreign Trade Policy 2009-14 of the Govt. of India is a “holistic strategy‚ driving export growth to new markets and addressing issues of labour-intensive export and intensive export and transaction cost effectively.” On trade climate and export target The world has not witnessed in the last seven decades a situation as it has been in recent years and it is very important that the Government steps in the act as
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Assessment Task 7 Case study Angela cares for Manshu who is 2 years old and 3 year old Jessica. Manshu has just begun potty training and Jessica has just had a baby sister. They both arrive at 8am every morning and have breakfast with Angela and her 2 children aged 5 and 7. After breakfast Angela takes her children to school and then returns home to carry out her domestic routine. At 10.30am they either go along to the weekly childminding group where Angela meets with other home based carers
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Monetary Policy Monetary policy is a macroeconomic policy implemented by the RBA to attain a set of objectives through the basis of a stable and maintained inflation band of 2-3%. Indirectly by the implementation of monetary policy‚ supply of money is affected through changes in the interest rate; cost of living is methodically altered to suit chosen economic conditions and economic growth is steadied and sometimes purposely stagnated. There are two different directions for monetary policy to move
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UNEMPLOYMENT Nowadays‚ some of the macroeconomics and policy makers assume that unemployment and inflation are too bad‚ because both of this factor able to reduce social welfare (Ruprah & Luengas‚ 2011). The growth and shocks in unemployment may be able to reduce of this deregulation of monetary policy that has been followed with high volume of growth (Eatwell‚ 2000). Among industrial and developed countries‚ long-term trends in unemployment since the world war show a distinct break in 1970s
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government will have more debts than the economy can make in a year. Last year‚ the federal government spent 3.6 trillion dollars but only took in 2.3 trillion‚ leaving 1.3 trillion deficit to be borrowed. The top three reasons for these deficits the U.S. is in are Mandatory Spending‚ Defense Spending‚ and Non-Defense Discretionary Spending. With the economy having 16 trillion dollars in debt‚ there is a proposed "fiscal cliff" as Ben Bernanke put it. The fiscal cliff will consist of 600 billion
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1a) What is the vision? 1a) Costco’s CEO stated that the vision for Costco was to give customers the best possible value for their purchase while remaining ethical. 1b) What is the mission? 1b) Costco’s mission is to ensure customers‚ employees‚ suppliers‚ and shareholders were respected and treated fairly to ensure the best outcome of product delivery at low costs to the customer. 1c) Are they realistic? 1c) Costco’s vision and mission are realistic because they focus on basic fundamentals
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The Fiscal Imbalance In 1867‚ the foundations of Canadian federalism was established with colonies agreeing to be “federally united”("Intergovernmental Affairs - Intergovernmental Affairs") As a result of the agreement‚ Canadian federal system is divided into two levels of government‚ federal and provincial‚ with corresponding divisions in legislative responsibilities and powers (Leach 1984) The federal level of government has control over matters related to national defence‚ foreign policy‚ banking
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Money Policy Fall 2012 MGT 330 Lu Shen Dec.16.2012 An “easy money policy” is a form of policy‚ where a central financial authority‚ such as the Federal Reserve System‚ in the case‚ for the United States of America‚ attempts to increase the cash flow within the economy‚ as well as making it available‚ at minimal rates. The main aim of the easy money policy is to create confidence in national investments and consequently‚ spur economic growth. On the other hand‚ an easy money policy often
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percentage of the labour force (Trading Economies‚ 2013). Whereas‚ inflation is a general increase in prices and fall in the purchasing value of money. Meaning that‚ inflation is a lot of money chasing after few goods. In Malaysia‚ as reported by Department of Statistics Malaysia‚ the annual inflation rate increased to 1.6 percent in March 2013‚ from 1.5 percent recorded in February‚ as a result of higher prices for food‚ health‚ education and hotels (Trading Economies‚ 2013). This increasing in inflation
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