Homework On National Income Answer Sketch for Selected Questions Dr. Patrick Toche April 2‚ 2011 1 Reference : Mankiw‚ Mankiw‚ Macro (7th)‚ Chapter 2‚ Problem 4. Suppose a woman marries her butler. After they are married‚ her husband continues to wait on her as before‚ and she continues to support him as before (but as a husband rather than as an employee). How does the marriage affect GDP ? What is your reaction to this ? Hints : GDP is a measure of recorded transactions only‚ not
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Greece presents a situation worse than the Eurozone and the PIIS. It shows very high unemployment rate together with a low labor productivity. All this leads to a probable situation of poverty or social exclusion relatively bad. Gross savings are very bad and so is the disposable income. This together means that population have very low purchasing power and no considerable deposits in their bank accounts. The inflation rate is below the annual 2% expected by the Eurozone. Exports are also very low
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Do you think basketball is better than football? I do‚ I love basketball. I think basketball is better than football‚ because you are more active‚ you will be in good shape‚ and in basketball it’s less likely to get injured. Basketball can be played anywhere and is very fun and easy to play. It is a popular sport that is played everywhere. In basketball‚ fewer people get injured. Every year about two-hundred thousand more people get injured playing football rather than basketball. In basketball‚
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Why do people work? Think about the reading and your own knowledge of human nature. In his essay “Work and Labour” Igor Shchegolev referred to Daniel Yankelovich’s three conceptions of work (described in “The Work Ethic Is Underemployed”). “First‚ as labour‚ as a way to exist; second‚ as a way to improve one’s level of life; and third‚ as a moral necessity”‚ paraphrased Igor. These conceptions closely resonate with an ancient orthodox perception of three stages Christian might act in: stages
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Does the existence of nuclear weapons facilitate greater stability in international politics? Why/why not? The existence of nuclear weapons for better or worse have indubitably impacted our lives in one way or the other. There are the some who find these weapons to be singularly beneficial. For example Defence Analyst Edward Luttwak said “we have lived since 1945 without another world war precisely because rational minds…extracted a durable peace from the very terror of nuclear weapons.” (Luttwak
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INCOME TAX Introduction : The income tax is administrated Income Tax Ordinance‚ 1984 and the Income tax Rules‚ 1984 as well as notification made under the Ordinance. The charge of tax of a person depends on its resident ship. Total world Income of a resident is charged to tax in Bangladesh. Where as a non-resident’s Bangladesh income is only charged to tax in Bangladesh. There are seven heads of income. The are salary‚ interest on security‚ house property‚ agriculture‚ business and profession
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How far is Thorstein Veblen’s theory‚ that the main function of dress is the display of wealth‚ still valid? Thorstein Veblen was a sociologist and economist who came up with the term ‘conspicuous consumption.’ He was the author of the book ‘The Theory of the Leisure Class’ published in 1899 which spoke about the working class in America. During that time the working class was visibly aspiring to the ‘leisure class.’ The Leisure class was known to be the emerging ruling class of that time‚ as
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Today I will be comparing soccer and football and why soccer is better than football. An each paragraph I will be comparing their play style‚ the game play‚ and the injures in the game. In this paragraph I will comparing the game style of both of the sports. First I will tell you about soccer. Soccer is popular worldwide and not just in one country unlike football which is only popular in America. Soccer is played with your feet instead of your hands unlike football‚ the objective of soccer is scoring
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AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
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Income Level Income level has an effect on behaviors‚ including what people buy and how much they will pay. According to Bieker‚ consumer spending forms two-third of all spending in the economy. A change in consumer income will result in consumers buying more or less of product at all possible prices and also cause a change in demand and a shift of the demand curve. If the income and savings of consumers are high (the high consumer spending level)‚ their purchase is parallel or even more expensive
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