Economic Growth Between India And India

Economic Growth Between India And India
Table of content
Introduction......................................................................................................................1 What is
Economic growth? ................................................................................................2 What is GDP?
..................................................................................................................3 Compare economic growth
Australia and India....................................................................4 Positives and negatives impacts on
society...........................................................................5 ... Show more content on Helpwriting.net ...
In contrast, the lack of economic growth in the poorest countries of the world has meant that living
conditions for hundreds of millions of people are appalling by the standards of rich countries; per
capita income levels in many 21st–century countries are much lower than they were in 19th–
century.To understand why the human race has become so much wealthier and why our wealth is
shared so inequitably among the inhabitants of the world, we need to understand what drives
economic growth. What is Economic Growth? An increase in the capacity of an economy to produce
goods and services, compared from one period of time to another. Economic growth can be
measured in nominal terms, which include inflation, or in real terms, which are adjusted for
inflation. For comparing one country 's economic growth to another, GDP or GNP per capita should
be used as these take into account population differences between countries. Economic growths is an
increase in what an economy can produce if it is using all its scarce resources. An increase in an
economy's productive potential can be shown by an outward shift in the economy's production
possibility frontier. A country 's economic growth is usually indicated by an increase in that country
's gross
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Cuba 's Current Gross National Income Per Person Of $ 5890...
Jason Lee
Captain Czak
History 300
21 October 2016
Cuba
Cuba's current gross national income per person of $5,890 (Talley), enormous debt, and other poor
economic conditions can be explained by events tracing back post–World War II in 1945. The island
of Cuba was inhabited by different Mesoamerican cultures but introduced to European cultures in
1492 with the arrival of Christopher Columbus. Spain began to colonize Cuba among other
Caribbean islands in the 16th century and utilized the island as a stopping point before the New
World. This all changed when the collapse of Haiti initiated a sugar boom causing Cuba to emerge
as a major world sugar producer. Freedom from Spain was finally gained with the help of the United
States after the Spanish American War when the Treat of Paris was signed. About three years later,
the Platt Amendment was passed which provided the United States control and great influence in
Cuba's domestic and international affairs. The United States control was further strengthened after
World War II when Fulgencio Batista became President of Cuba in 1952. But this created many
issues which fueled the Cuban Revolution ending in 1959 when Fidel Castro overthrew Batista,
propelling Cuba into a new era of communism. The period of decolonization for Cuba after World
War II sparked a surge of nationalism which helped Fidel Castro dissolve American political,
economic, and diplomatic ties as well as establish a communist regime after the Cuban Revolution.

Personal Finance Assignment 2
| | |
Assignment 2
Instructions
Save the file in your course folder, and name it with Assignment, the section number, and your first
initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named
Assignment1JRobinson.
Type the answers to the assignment's questions. Use complete sentences unless the question says
otherwise. You will have more than one day to complete an assignment. At the end of each day, be
sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments. ...
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I would also have to find an apartment, which fits my needs. I would also have to know how to
manage on my own.
4. Describe an example of a common financial resource, an expense, and a debt. These can be
examples from your own life or from other people you know or can imagine. (3–6 sentences. 3.0
points)
A financial resource is like a bank loan or a mortgage they are when you receive financial assistants
with paying for something like a car or a divorce. Paying for utilities is a type of an expense, when
you have to pay for things like water, electrical, and heating. A debt is something when you owe
money to another party after taking out a loan, debts you pay after a long period of time.
5. Describe a real or made up but realistic example of earned income that you or someone you know
has received. What type of work was the income from? Was the income in the form of a salary or
wages? (1–2 sentences. 1.0 points)
My parents receive an earned income, meaning they work for it, unlike unearned income like child
support and disability. My mom works as a Human Resources Director; she over sees all
investigations in her facility and hires and fires people. My dad works as an Operations Sales

Manager, so he over sees all of the different sales. They both have salary wages, so their income
isn't based on hours.
6. Describe a real or made up but realistic example of unearned income that you or someone you

Gross Domestic Product And Gross National Income
M2A2: National Income Accounting/
Gross Domestic Product and Gross National Income
Samantha Montero & Renee Scott
After reading Economics: Principles and Tools, we understand that one is able to
measure the production of the entire economy by a tool known as the Gross Domestic Product
(GDP). GDP is defined as the total market value of all final goods and services, produced within
a country.1 It summarizes the entire production of an economy into a single number (GDP) and it
gauge 's a country standard of living. Throughout this essay we will aim to explain both the main
components of GDP and it's differences from other forms of economic measurements, as well as
touch upon it's deficiencies as a measure of welfare. We will ... Show more content on
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1 OʼSullivan, Arthur, and Steven M. Sheffrin. Economics: Principles and Tools. 5th ed. Upper
Saddle River,
NJ: Prentice Hall, 1998. Print.
2
GDP, on top of having several different components, has a few different ways in which it
measures output. Two different measurements that are widely used are Nominal GDP and Real
GDP. The main difference between nominal GDP and real GDP is that nominal GDP doesn 't
adjust for inflation and real GDP does. 2 While real GDP is adjusted for differences in price

levels, nominal GDP when calculated is not and, as a result, will often appear higher and can be
misleading. With measurements that require adjustments, one will always encounter
discrepancies. Gross domestic input or GDI measures the sum of all income earned while
producing goods and services within a nation 's borders. 3 The difference between GDI and GDP
is that GDI calculates economic activity based on income, and GDP calculates economic activity
based on spending. While they are similar, the two measurements use different methods to gauge
the economy and thus, the data collected by GDP and GDI will almost never be the same.
According to Dr. Marilyn Waring in the film Who is Counting?4 As long as activity
passes through the market, it is good for growth. In the film Dr. Waring discusses the major

The Population Of The Czech Republic
Executive Summary
Population
The total population of the Czech Republic, as of July 2014, is 10,627,448 people. It is growing at
an annual change of 0.17%. There are 9.79 live births per 1,000 people as of 2014 (CIA World
Factbook, 2014), and about 1.45 births per woman (World Bank, 2012).
Birthrates
There are 1.45 births per woman (World Bank, 2012)
(http://data.worldbank.org/indicator/SP.DYN.TFRT.IN?)
Distribution of population
Age: The Czech Republic has a high percentage (43.6%) of citizens aged 25 to 54. The next highest
percentage is that of the 65 and over age group (17.6%). There are smaller percentages of younger
ages, and as a whole, the country is ageing (CIA World Factbook, 2014).
Figure 1. Age distribution ... Show more content on Helpwriting.net ...
The primary ethnic group in the Czech Republic is the Czechs, who make up 64.3% of the
population. The remaining population is comprised of Moravians (5%), Slovaks (1.4%), other
(1.8%), and an unspecified sector (27.5%) (CIA World Factbook, 2014).
Economic Statistics and activity
Gross national product (GNP or GDP)
The Czech Republic's total GNP in purchasing power parity is $281.3 billion. Their Gross Domestic
Product (GDP) is $208.8 billion USD. The GDP is decreasing at a rate of –0.7% (World Bank,
2013).
Personal income per capita
The Czech Republic has a Gross National Income (GNI) per capita of $18,950 USD (World Bank,
2013). It is decreasing at a rate of –1.5% (World Bank, 2013).
(http://data.worldbank.org/indicator/NY.GNP.PCAP.CD/countries/CZ––XS?display=default)
The average family income (disposable) per capita in the Czech Republic is $17,262 USD per year
(http://www.oecdbetterlifeindex.org/countries/czech–republic/)
a. Distribution of wealth
i. Income classes
1. Population below the poverty line: 9.8% (CIA World Factbook, 2011) ii. Proportion of the
population in each class iii. Is the distribution distorted?
Minerals and resources
The primary minerals and resources of the Czech Republic are hard and soft coal, timber, clay,
graphite, and kaolin, which is a fine, soft, white clay used for making porcelain and china (CIA

World Factbook, 2014).
Surface Transportation

Gross Domestic Product ( Gdp ) Economic Statistics
Gross Domestic Product (GDP) economic statistics are one of the most closely watched stats
throughout each country. In the charts listed above, the nominal GDP is greater than real GDP in
each quarter of 2016 due to the nominal GDP reflecting current GDP at current price and real GDP
reflecting current GDP at past year prices. Also, the chart reflects that the nominal GDP was greater
than the real GDP for each quarter of 2016 due to the value of the nominal GDP sub–categories
(personal consumption expenditures, gross private domestic investments, and government
consumption expenditures and gross investment) all being significantly higher than the same sub–
categories listed under the real GDP. The nominal GDP reflects the prices that are ... Show more
content on Helpwriting.net ...
Some differences between the two products are services or the market of goods that are produced for
that respective country's economy. However, the GNP does not include the annual foreign
production that is inherited by the domestic citizens, whereas the GDP does include the foreign
productions that are inherited by its domestic citizens. According to the table above, to determine
the GNP and GDP you will calculate the national product total from the national and personal
income. National income is the overall annual value of goods and services within a respective
country economy. The chart shows that in 2016, the GNP was $7,864.80 higher than the national
income. National income is broken down into ten categories (compensation of employees, rents,
interest, proprietor's income, corporate income taxes, dividends, undistributed corporate profits,
indirect business taxes, consumption of fixed capital and net foreign factor income). However, the
employee compensation makes up the largest portion of the national income. In my opinion, I
believe this to be true, because the economy is valued by its population and the services that are
provided and goods that are sold. This can't happen without having citizens gainfully employed,
which in return will need to be compensated for the work they are contributing to their economy.
Part III. GDP in Different Countries Country Name Country Code Series Name Series Code 2015

The Gross Domestic Product ( Gdp )
The Gross Domestic Product (GDP) represents the monetary value of all the finished goods and
services produced within a country 's geographic borders in a determined period of time. It is used
as a quantitative measure of the total economic activity of a nation, and it is usually calculated on an
annual basis. The GDP can be determined in three different ways: output or production measure,
income measure, and expenditure measure. In theory, it should all give the same number. The output
or production approach defines the GDP as the value of the goods and services produced by all
sectors of the economy. It is calculated by adding the value of the total sales of goods, minus the
intermediate consumption used to produce the final goods sold. The income approach of calculating
GDP is defined as the total income earned by the factors of production within an economy. First,
you should determine the National Income by adding all the wages, rents, interests, and profits
earned within an specific period of time. Then, it is added the value of Sales Taxes, Depreciation and
Net Foreign Factor Income, and the final result will be GDP. The expenditure approach identifies
four possible destinations for the total production of an economy. This output can be consumed by
households, businesses, the governmentor the foreign sector. That is why the GDP can be
calculating by adding the total amount of the purchases made within an economy in a period of time.
From this approach we can identify

Positive Impact Of Globalization
Ans. What is globalization?
Globalization means integrating our economy with world economy. Globalization helps in
interaction between people, companies and governments through exchange of goods and services,
grants, and exchange of technology.
Globalization in India
In year 1991 Indian economy faced economic crisis due to serious Balance of Payments problems
and the rupee devaluated and India at that time had reserve for imports of only three weeks. So the
Indian government had taken a step towards globalization for wellness of Indian economy.
Impacts of globalization
Basically everything have two impacts one is positive and one is negative. So the globalization also
has positive as well as negative impacts
 Positive impacts of globalization
Variety of products– As India open their doors for foreign companies in 1991 the Indian customer
get a large variety of product of various companies at lower prices. After 1991 Indians are not only
having Indian products but also have foreign products which are of very good quality. The entry of
foreign companies in India had also leads to improve in standard of livings of Indian people because
they were providing good quality products at low prices.
Gross domestic product – Gross domestic product is the values of finished goods and services
produced within the domestic territory of a country at a particular poinyt of time.
a) Nominal GDP – In year 1991 GDP was Rs 5,86,212 cr. after passing 25 years in year 2016 it was

Gross Income Implications For The Individual Who Accepted...
Gross Income implications for the individual who accepted the bribe:
The definition of gross income per section 1 of the Income Tax Act for any resident is:
the total amount
in cash or otherwise
received by, or accrued to, or in favour of such resident
during such year or period of assessment
excluding receipts and accruals of a capital nature
The bribe of R300 000 meets all the aforementioned requirements of the gross income definition
except for whether or not the amount has been 'received by' the senior official during the year of
assessment ending 28 February 2015.
The gross income definition requirement of 'received by' is not defined in the Income Tax Act and
therefore the following case law principles will be applied in determining whether the bribe, being
illegal income, should be included in the individuals gross income for the current year of
assessment.
Cases:
An amount is 'received by' a tax payer if the taxpayer intended to receive the amount for his own
benefit irrespective of the legality(legal or illegal) of such amounts (MP Finance Group CC v
CSARS (2007)).
The source of income, legal or illegal, is irrelevant in determining if an amount constitutes gross
income. Moreover, illegal receipts are taxable(CIR v Delagoa Bay Cigarette Co)
In order to constitute a 'receipt' for normal tax purposes, the taxpayer must have received the amount
on his own benefit and for his own behalf (Geldenhuys v CIR).
It can be deduced using the above

Definition Of Poverty
There are a number of definitions of poverty. It is a multifaceted notion which includes social,
economic, and political components. "How we define poverty is critical to politics, policy and
academic debates about the concept. It is bound up with explanations and has implications for
solutions." (Lister, 2004 as cited in Class notes, 2017). The United Nations, first established in 1945
shortly after the second world war, was created to promote international co–operation and maintain
international order (UN, 2017). The global term for poverty is defined by using the Gross National
Product (GNP) and Gross Domestic Product (GDP). Both defined by the World Bank, GNP uses
market valuations to measure national income: GNP per capita (each person) gives an indication of
the typical material living standards of a nation, whereas, GDP is a measure of the total market value
of goods and services output and their economic activity. The United Nations set the bar at the
minimum daily income of $1.25 (93 pence) per day (Class notes, 2017). If you are living on less
than this you are classed as living in absolute poverty. How poverty is measured is a contested
concept and has had researchers long trying to establish a fixed method of determining. The four
main concepts are absolute poverty, relative poverty and deprivation, consensual poverty, and social
exclusion (Class notes, 2017). The concept of absolute poverty was developed in the 19th century by
Joseph Rowntree and was

Evaluation Of The Department 's Case For Snap Benefits For...
DEPARTMENT'S POSITION
The Department's Representative testified that a redetermination of the Appellant's eligibility for
SNAP benefits for her household of six (6) was completed in May 2016. This redetermination of
eligibility was based on the pay stubs provided with the Semi–Annual Reporting (SAR) Form. The
Appellant provided two paystubs from each of her employers dated March 4, 2016 and March 18,
2016. The Appellant had a part–time as well as a full–time job. The income was averaged to
determine an approximate gross monthly income of $715.82 from her part–time employer and
$1852.12 from her full–time employer. The Appellant was given the deduction of $570.00 for her
heating allowance and $124.00 for her child care expenses. When the ... Show more content on
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APPLICABLE LAW, REGULATIONS, STATUTES AND POLICY
55 Pa. Code § 275.4 Procedures.
(g) Hearing proceedings. Hearing proceedings will conform with the following: (2) Agency staff
responsibility at the hearings. The County Assistance Office and other agencies as appropriate will
prepare for the hearing so that evidence considered in making the decision or taking the action
which is at issue and evidence that supports that decision or action will be introduced at the hearing
in an orderly and concise manner. Relevant information which is presented at a hearing will include
the following: (i) Names, relationships and ages of the persons affected, and the type of assistance
involved. (ii) The decision or action which prompted the request for the hearing. (iii) Description of
the relevant facts and events leading to the decision or action plus evidence to support the decision
or action, including identification of the pertinent regulations applied in making the decision. (iv)
Detailed computation of the grant, allowances and income, before and after implementation of the
agency decision or action. Regulation 55 Pa. Code § 275.4(g)(6) states "Since the hearing decision
will be based solely on the information presented at the hearing as described in subsection (h)(2),
failure

finance assignment 1
Assignment 1:
Part 1: Economic Basics
(10.0 points)
Please BOLD/HIGHLIGHT your answers to make it easy for me to see your answers.
1. Describe two examples of important things that financial planning skills can help you do, and
explain why these things are important to you personally. (4–6 sentences. 2.0 points)
It makes a plan for you to save money in order to buy a house, a car, go to college or afford to move
into an apartment. I would like to start saving money so I could be able to move out on my own and
also to buy a car because right now I have to have my parents take me anywhere I want to go.
2. Imagine that you are considering moving to a new country and looking for a job there, but you
first want to make sure the country has a ... Show more content on Helpwriting.net ...
d. Fill out the Amount You Owe section if Jessie owes the IRS money.
e. Do not fill out the Third Party Designee Section, the Sign Here section, or the Paid Preparer's Use
Only Section.
f. Click the File menu, and then click Save so that your work is saved.
Part 3: Banking
(14.0 points)
1. Visit the website of a large national bank, regional bank, or credit union, and use the information
you find there to answer the questions below. EXAMPLE: Some large banks you might consider
include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. a. What
is the name of the bank or credit union? (0.5 points)
b. List three facts about savings account options at the bank or credit union you chose. (3 sentences.
1.0 points)
c. List three facts about checking account options at the bank or credit union you chose. (3
sentences. 1.0 points) d. Does this bank or credit union offer online banking? (0.5 points)
e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least
two reasons for or against choosing this bank or credit union. (3–6 sentences. 2.0 points)
2. Visit the website of a second large national bank, regional bank, or credit union, and use the
information you find there to answer the questions below. a. What is the name of the bank or credit
union? (0.5 points)
b. List three differences you found between the accounts and features this bank or credit union offers
and the bank from

Concept Of Gross Domestic Product
Introduction and explanation of structure of paper
The concept of Gross Domestic Product (GDP), is the measured value of the output, which is
currently produced in the domestic economy. This gives a view of the economic wellbeing for the
country, it does not however give a deeper insight into the true wellbeing of the citizens within the
country. This essay will go over the, definition of GDP, Real versus Nominal GDP, Three ways to
calculate GDP, Four components of GDP, types of money transactions not included in GDP and
aspects of the standard of living that not addressed in the calculation of GDP.
Nominal versus Real GDP
Nominal GDP versus Real GDP. Nominal GDP, is the value of final goods and services produced by
and the economy in the ... Show more content on Helpwriting.net ...
Examples of these are personal vehicles and homes. Non–durable goods or consumable goods, are
goods that will be used and then repurchased. This included items such as food, laundry detergent
and toothpaste.
Second is Investment (I), Investment being important because it has to deal with the infrastructure of
a country, state or city the GDP is being calculated for. Investment takes into consideration,
construction this includes residential, commercial and industrial. Another component of investment
is equipment, this is supplemental to construction. The last component of investment is Inventory.
Inventory, this being the amount of goods or services left in reserve and have not been used yet.
Third is Government Spending on goods and services (G), this is culmination of spending by the
government that includes the total expenditures on good and services by the federal government or
state and local government.
Lastly in the calculation of GDP is the Net Exports (X–M), goods and services that are shipped or
sold overseas are exports. Imports are the goods or services that are brought into the country from
overseas. When calculating the Net Exports, the exports for a given year are subtracted by the
Imports for a given year, giving the net exports.
Three types of money transactions not included in GDP Transaction that are not included would be
those sales of used goods, person to person transactions, goods

Analysis Of Bobbi And The Strays
Bobbi and the Strays is a not–for–profit organization dealing with animal welfare. The mission of
the organization is to provide humane care and service to all orphaned, stray, abused and special
needs cats or dogs. The field research focuses on expenses of the organization. The Better Business
Bureau sets standards for charitable organizations to up hold, the following is an overview of
standards dealing with expenses: Standard 11 requires the organization's annual financial statements
have to be prepared in accordance with Generally Accepted Accounting Principles: o If total annual
gross income exceeds $500,000 these statements have to be audited o If the annual gross income is
less than $500,000 it is sufficient enough the statements ... Show more content on Helpwriting.net ...
Since the organization spent less than 35% the standards requirement was met.
Standard 12 requires a breakdown of expenses to be included in the financial statements. o The
breakdown should be detailed, showing what portion of the expenses was allocated to program, fund
raising and administrative activities. o If the organization has more than one major program service
activity than the detailed breakdown of expenses should include a separate expense category for
each major program. o If solely IRS Form 990 is provided by the organization, it is sufficient
enough to fulfill this standard, only if the organization has one major program activity.
Bobbi and the Strays is an organization with only one major program activity, which is providing
rescue and care for stray animals. According to the standard since Bobbi and the Stray has only one
major program service activity than it is sufficient for the organization to provide IRS Form 990 and
fulfill this standard. As previously mentioned in standard 11, Form 990 has included a breakdown of
expenses in Part IX, which also fulfills the conditions under standard

Cash Flow Analysis For Your Real Estate Career
As you start gathering momentum in your real estate career, you will begin to notice a steady pattern
of cash going in and out of your pocket. This is considered cash flow in the most simplest form.
Cash flow analysis can be as simple or advanced as your needs determine. The investor who has
dozens of property will likely have a much more advanced and complicated cash flow analysis than
the investor who has their first piece of property. What this means for you, is there is no reason to
start doing advanced and complicated analysis. This gives you the ability to start small and simple
and work your way slowly towards the more advanced details that become required later on. This
will help make sure you make good decisions because you are able to learn slowly and steadily what
parts of the cash flow to focus on to maximize profits. Your cash flow analysis should at the very
least tell you how much profit you can make as well as how much it will cost for you to make that
profit. The cash flow will analyze all money that is spent on each property, as well as all sources of
income that the property presents to show hopefully if you selected a good piece of property a
positive cash flow. A cash flow analysis has four basic areas to it to determine profit. The first area is
gross income, followed by expenses, with debt service and cash flow following behind. The first
section is gross income; it is within that section that you will figure out your effective gross income.
First,

The Asian Tigers : Singapore's Globalized And Diversified...
Describe the Economy Known as one of the Four Asian Tigers, Singapore's globalized and
diversified economy is only behind Hong Kong's. That title has been achieved due to its market
economy, "A highly developed, and one of the freest, most competitive, innovative and business
friendly economy based on extended entrepôt trade, a profitable trading post that allows importing
and exporting free of duties." (Wikipedia) Worldwide, Singapore is one of the major commercial
centers, third highest per capita income, fourth biggest in finance, and fifth among the busiest ports;
yet, it has one of the highest income inequalities. Singapore's trading and manufacturing represent
26% of its GDP. The Corruption Perception Index places Singapore along with New Zealand and the
Scandinavian countries as one of the world's least corrupt countries. Also, location, advanced
infrastructure, low taxes, and skilled workforce are the conditions that make Singapore so attractive
to foreign investment. A. Identify type: predominantly agricultural, industrial, or service? Give
percentages Agriculture is definitely not one of Singapore's main economic activities; nevertheless,
its main work is in the service sector. Out of 3,102,500 jobs, 2,151,400 belong to that field.
Singapore's unemployment rate is only 2%. Something remarkable for such a small island is that
around 7,000 multinational companies from the United States, Japan and Europe, and around 1,500
from China and another 1,500 from India,

Gdp And Total Expenditure On Purchasing A New Houses Essay
1. GDP is the monetary value allocated to all goods and services produced within a given country.
This excludes the net income accruing from abroad. GDP can be measured using the total
expenditure approach for calculating National Income as a summation of total expenditure on
commodities produced in a given economy. Any expenditure on purchasing a new houses is
excluded. The final consumption of the government is also included together with all current
expenditure. Their expenditure on fixed assets is also included. The value of the physical increase in
inventories during the course if the year is also included. The summation of all these components is
the Total Domestic Expenditure, TDE. Adding up expenditure on export to the TDE determines the
Total Final Expenditure. Subtracting all expenditure on imports from this total results to a measure
known as the GDP at market rate. Subtracting taxes on expenditure levied by the government and
adding back the total amount of subsidy leads to the arrival at a figure known as GDP at factor cost.
National income is however affected by interest, rent and profit accruing from abroad and the net of
the property income from abroad ought to be added to the GDP. This leads to the arrival at the GDP
at factor cost. GDP can also be arrived at by using factor incomes in the computation of National
Income. Under this approach, the summation of individual incomes arrives at the domestic income,
as each time something is produced and sold,

Personal Narrative: The Flores
The Flores are a family of five that lives in Los Angeles, California. Elizabeth,32,is the mother.
Lily,14,is the daughter .Bridget,13,is the daughter. Alexis,13,is the daughter, Katherine,14,is the
daughter.Elizabeth is employed at two jobs a cosmetologist and a in Los angeles california why she
chose that job was because for one she have four kids two they both make good money and three
she enjoy both of my jobs and what she will do. Elizabeth make 76,388.00 a month in two
jobs.Federal Income Tax is 11,797.00,State Income Tax is 3,963.00,FICA (SS and Medicare) is
5,738.00,Retirement Tax is 3,819.00.Yes because The government is putting it to good use. We
bought a house at 12052 S. Broadway in Los Angeles California for 340,000. It has three bedrooms,
two bathrooms, and two car garage.Our mortgage is 1,205 per month and we pay 333 per month for
homeowners insurance and property tax.we picked a nice neighborhood and it is near a middle
school for my children and it is close to one of my jobs and I know my kids will be safe walking to
and from school.

Essay about Principles of Macroeconomics
Data Exercise One ECON 201: Principles of Macroeconomics September 5, 2014 To live in an
economy that is not negatively impacted by recession, downsizing, or business capsizing would be
ideal. The unfortunate reality is that we are faced with economic situations that will be either helpful
or hurtful to us all. Over the last few quarters between 2013 and 2014 the U.S. Bureau of Economic
Analysis (BEA), conducted an analysis that reflects the changes in GDP. During this time the
Nominal GDP was much greater than the Real GDP. Expenditures Approach to Calculating GDP –
638175208978500From 2013 through 2014 the Nominal GDP was greater because the values
during that time were not adjusted. It is understood that Nominal GDP is the ... Show more content
on Helpwriting.net ...
Considering the table above, GNP was higher than the National Income by 2,521.3. To determine
National Income from GNP you have to subtract GNP. The main component would be the value of
GNP and the total output of goods and services of a country. National Income also considers both
domestic and international earnings. GDP in Different Countries COUNTRY GDP (in billions of
U.S. dollars) Population (in millions) Per Capita GDP (in thousands of U.S. dollars) 1 2 3 4=2/3
UNITED STATES 16800 316.1 5314.7 JAPAN 4901 127.3 3849.9 CHINA 9240 1357.3 680.7
MEXICO 1260 122.3 1030.2 RUSSIAN FEDERATION 2096 143.5 1460.6 SWITZERLAND 650.7
8.081 8052.2 SWEDEN 557.9 9.592 5816.3 LUXEMBOURG 60.38 .543 11119.7 COUNTRY GDP
(in billions of U.S. dollars) Population (in millions) Per Capita GDP (in thousands of U.S. dollars) 1
2 3 4=2/3 LUXEMBOURG 60.38 .543 11119.7 SWITZERLAND 650.7 8.081 8052.2 SWEDEN
557.9 9.592 5816.3 UNITED STATES 16800 316.1 5314.7 JAPAN 4901 127.3 3849.9 RUSSIAN
FEDERATION 2096 143.5 1460.6 MEXICO 1260 122.3 1030.2 CHINA 9240 1357.3 680.7 In the
table above are different countries reflecting their GDP, population and Per Capita GDP. When
arranged based on GDP, the United States ranked highest. Upon rearranging the order by highest Per
Capita GDP to the lowest, the order did not remain the same, as for order per GDP and Luxembourg
was the highest. This difference is due to the population size and the fact that

Gross Domestic Product Is The Value Of Goods Produced And...
Gross Domestic Product, also known as GDP, is defined as the value of goods produced and services
provided in a country during one year. Gross Domestic Product is important in the culture of
economics because in the United States, we use it to measure the well–being of the economy. Gross
Domestic Product is measured in quarters, there are four quarters in one economic year. Say the
Gross Domestic Product is down 10% in Quarter One and then in Quarter Two the Gross Domestic
Product has gone up by 15%. You subtract 15% from 10% and then you are left with 5%. Therefore,
the economy, or the Gross Domestic Product, has grown by 5% since the last quarter. If the Gross
Domestic Product was never measured, we as Americans would not know if the economy was
growing, shirking, or staying the same.
On news channels like FOX News, FOX Business Network, CNN, and MSNBC we hear them
talking about the nation's economy and the gross domestic product all the time. On shows like Neil
Cavuto, they have guest on the show to discuss the current gross domestic product and how it's
either improved or diminished over the past years or quarters. In 2010, on Neil Cavuto's FOX
Business Network show, "Cavuto on Business" the group was discussing the downplays of the
fourth quarter gross domestic product. The gross domestic product for the fourth quarter had jumped
5.4%. Neil and four other contributors were discussing whether or not the Obama Administration
was going to increase spending or put money

Case Study On Canara Bank Home Loan
Canara Bank Home Loan
Home Loans from Canara Bank
Why pay rent every month when you can easily own your own little space by paying affordable
EMIs? Purchasing a home is one of the major financial decisions one has to make in their life. But
with the right home loan scheme you cannot just enjoy the pride of having a long–term asset of great
value, but also reap significant tax benefits.
Canara Bank offers home loan schemes at competitive interest rates and extends various special
features to its customers, such as– home loan balance transfer, no prepayment charges, minimal
documentation, quick processing, and much more.
Features of Canara Bank Home Loan
Individuals can avail home loan from Canara Bank for :
Buying a fully constructed house / apartment.
Constructing a house / apartment.
Purchase of ... Show more content on Helpwriting.net ...
Reviews from other customers of the Bank are also available on the site, which enables users to get
a better idea of the product. If there are any doubts or queries, BankBazaar's dedicated customer care
team is available around the clock, to assist you.
Free of Cost– BankBazaar.com offers expert advice on all your financial needs as well as provides
all relevant facts and figures, at absolutely no cost. The system is very transparent and there are no
hidden charges.
Time–efficient – We redefine convenience by offering various unique facilities that enable
customers to gather information on the available options instantly, validate their eligibility, develop
a check–list of the required documents, updating you on the current interest rates on Canara Bank
Home Loan, etc. We can help you save a significant amount of your precious time and effort, and
make the process an easier one than you've hoped

The Alien Labor Certification Application
The petitioner is structured as an S corporation. The alien labor certification application with a
priority date of April 30,2001 filed with the I–140 petition reports a proffered wage in the amount of
$35,401.00. The petitioner's tax returns for the years 2001 through 2009 report the following
ordinary business income[ shown on line 21 of page 1 of IRS Form 1120S.]:
2001–$44,478.00
2002–$37,957.00
2003–$38,920.00
2004–$22,355.00
2005–$30,962.00
2006–$94,562.00
2007–$45,661.00
2008–$63,641.00
2009–$46,658.00
As demonstrated below, the petitioner had the ability to pay the proffered wage to the beneficiary in
2004 and 2005, even if its ordinary business income for those years was lower than the proffered
wage.
Petitioner's ability to pay the proffered wages during the years 2004 and 2005
When a petitioner is structured as an S corporation, the USCIS Administrative Appeal Office (AAO)
may consider the corporation's expense category of compensation of officers[ shown on line 7 of
page 1 of IRS Form 1120S.
] as an additional financial resource of the petitioner, in addition to the corporation's ordinary
business income, available to to pay the proffered wage to the beneficiary (Exhibit 1–AAO
decisions). In support of this argument, the AAO may consider the following documents: A
statement from the officer of the corporation demonstrating that he is willing and able to forgo his
compensation for the years in question; and
Documentary evidence showing that the officer of

Australia's Economic Growth
Economic growth
An increase in the capacity of an economy to produce goods and services, compared from one
period of time to another.
Inflation is a general increase in prices and fall in the purchasing value of money.
The growth of an economy is thought of not only as an increase in productive capacity but also as an
improvement in the quality of life to the people of that economy.
For comparing one country's economic growth to another, GDP or GNP per capita should be used as
these take into account population differences between countries.
How is it measured?
GDP (Gross domestic product) is the sum of the market values, or prices, of all final goods and
services produced in an economy during a period of time.
It is the monetary value of ... Show more content on Helpwriting.net ...
During the GFC, growth in the economy slowed to around half a per cent and the unemployment
rate has risen by nearly two percentage points to around 5¾% by November 2009. It also decreased
the wealth of Australian households by 10%
Australia's economy is dominated by its services sector, yet its economic success is based on
abundance of agricultural and mineral resources. Australia's comparative advantage in the export of
primary products is a reflection of the natural wealth of the Australian continent and its small
domestic market.
Global influences
China makes up 30% of Australia's export markets, mainly focusing on services and mining goods
China's demand lead to a boom in iron ore, coal and copper prices–Iron ore peaking in 2011 at $185
per tonne, it is currently at $54 per tonne. This was driven by Chinese demand for

The Effects Of Immigration On The United States Essay
4. Current Situation In the past few years, a lot has been spoken and researched about immigration.
The goods are moving in out of the countries more freely as globalization has taken its stand. Not
only goods, but people also move about more freely than before. Effects of immigration
Immigration can have some positive impacts as well as some negative ones. Both the hosts and
originals are affected by it. The countries which are industrialized in Western Europe or the United
states are usually more of the recipient ones. The following benefits are offered to these countries by
the immigrants: Some jobs are done by the immigrants which cannot be done or will not be done by
the people in the host countries; They can work at lower rates than the people of host countries; The
diversity of the host countries can be increased; If the immigrants are from a well–settled
background, the help to increase the talent pool of the host countries. There are some drawbacks as
well: Exploitation of immigrants due to cheap labor; As the immigrants are spending their merits in
other countries developing or original countries may have some lack of people in their talent pool.
Some criminal elements can also get associated with immigration; If the perception of immigrants
getting more benefits than the local people arise, a tension could be initiated between them; Source:
http://www.globalissues.org/article/537/immigration#Whydopeopleemigrate The face of Europe is
being

Deduction
LESSON 12 DEDUCTIONS
Dr Vandana Bansal
STRUCTURE
12.0 Objectives 12.1 Introduction 12.2 Deductions from gross total income 12.3 Basic rules
governing deductions under sections 80C to 80U 12.4 Deductions 12.5 Deductions to encourage
savings 12.5.1 Deduction in respect of life insurance premium, etc.80C 12.5.2 Deduction in respect
of pension fund 80CCC 12.5.3 Deduction in respect of contribution to pension scheme of central
government 80CCD 12.6 Deductions for certain personal expenditure 12.6.1 Deduction in respect of
medical insurance premium 80D 12.6.2 Deduction in respect of maintenance including medical
treatment of dependent who is a person with disability – section 80DD 12.6.3 Deduction in respect
of medical treatment – section ... Show more content on Helpwriting.net ...
To give impetus to savings these deductions are given on certain investments or certain expenditure
made by the assessee. Deduction is allowed when the saving is invested but normally any
withdrawal is treated as income in the year of withdrawal.
__________________________________________________________________
12.5.1 DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, ETC. (SEC. 80C)
A new section 80C has been inserted from the assessment year 2006–07 onwards. Section 80C
provides deduction in respect of certain expenditure/ investments (which are specified in this
section) paid or deposited by the assessee in the previous year. Deduction under this section is
available only to individual & Hindu Undivided Family. Gross Qualifying Amount The following
payments/investments qualify for deduction under this section. The total amount of investments
made during the P.Y. under these below mentioned schemes is known as Gross Qualifying Amount (
GQA ) 1.Life Insurance premium paid on a policy taken on his own life, life of the spouse or any
child (child may be dependent/ independent ). In the case of a Hindu undivided family, policy may
be taken on the life of any member of the family. The premium paid should be maximum of 20% of
sum assured . 2. Any sum deducted from salary payable to a Government employee for the
167
purpose of securing him a deferred annuity (subject to a maximum of 20% of salary) 3.
Contribution towards statutory provident fund and

Singapore's Globalized And Diversified Economy
Singapore Known as one of the Four Asian Tigers, Singapore's globalized and diversified economy
is only behind Hong Kong's. That title has been achieved due to its market economy, "A highly
developed, and one of the freest, most competitive, innovative and business friendly economy based
on extended entrepôt trade, a profitable trading post that allows importing and exporting free of
duties." (Wikipedia) Worldwide, Singapore is one of the major commercial centers, third highest per
capita income, fourth biggest in finance, and fifth among the busiest ports; yet, it has one of the
highest income inequalities. Singapore's trading and manufacturing represent 26% of its GDP. The
Corruption Perception Index places Singapore along with New Zealand and the Scandinavian
countries as one of the world's least corrupt countries. Also, location, advanced infrastructure, low
taxes, and skilled workforce are the conditions that make Singapore so attractive to foreign
investment. A. Identify type: predominantly agricultural, industrial, or service? Give percentages
Agriculture is definitely not one of Singapore's main economic activities; nevertheless, its main
work is in the service sector. Out of 3,102,500 jobs, 2,151,400 belong to that field. Singapore's
unemployment rate is only 2%. Something remarkable for such a small island is that around 7,000
multinational companies from the United States, Japan and Europe, and around 1,500 from China
and another 1,500 from India, in

Essay on ECON 2155
ECON (2155) DOCUMENT
DATA EXERCISE #1
Consists of four parts
Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade)
Complete the following exercise
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under
National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National
Income and Product Account (NIPA) Historical Tables, click "Begin using the data", and use Section
1 – Tables 1.1.5 and 1.1.6 to identify the GDP (nominal GDP) and real GDP for the past four
quarters.
a) Present the information that you received in your project as a table.
b) Write a report (1 page double – spaced), which contains ... Show more content on Helpwriting.net
...
What is the difference between gross domestic product (GDP) and gross national product (GNP)?
What is the difference in what GDP measures compared to GNP?
2. Based on the table, what calculations must you make to determine GNP from GDP?
3. What is national income (NI)? What does NI measure?
4. Which was higher in this year, GNP or NI? By how much?
5. What calculations must you make to determine NI from GNP?
6. NI is composed of a number of categories. What category makes up the largest portion of NI?
Part 3: GDP in Different Countries (weight 25% of the assignment grade)
Complete the following exercise:
Go to World Development Indicators database:
http://databank.worldbank.org/data/views/variableSelection/selectvariables.aspx?source=world–
development–indicators The countries for this part of the Data Exercise will be assigned by your
professor.
Select the 8 countries assigned for the project by checking the check boxes under Country.
Select the 2 data series GDP (current US$) and Population (Total) under Series.
Select the most recent year under Time.
You can now retrieve that data by clicking one of the options on the upper right of the window.
Clicking "Table" will allow you to view and copy the data for each country. Clicking "Download"
will allow you to download the data in Excel, which can then be copied into your report table.
Fill in the table below. Calculate the per capita GDP for the most recent available year for the
countries with the equation

Gross Domestic Product Is The Measure Of A Nation 's Total...
Gross Domestic Product is the curative measure of a nation's total economic activity. It represents
the monetary value of all goods and services produced within a nation's geographic borders over a
specified period of time. In other words, it's how to tell how the economy of a country is doing. It is
the total dollar valued of all goods and services; the size of the economy usually in a given year.
GDP first came into use in 1937 in a report to the US Congress in response to the Great Depression,
after Russian economist Simon Kuznets conceived the system of measurement. The system used
before was the Gross National Product (GNP). It was widely adopted in 1944 as the standard means
to measure national economist. The income approach to calculate the GDP is the sum of the
components. Labor income, rental income, interest income, and profits earned by households in a
year. What is spent on a product is the income to those who helped to produce it and sell it. The
expenditure approach, on the other hand, totals consumption, investment, government spending, and
net exports produced by a country in a year. The first component of the GDP is consumption. It
includes all private and public consumption, government outlays, investments, and exports minus
imports that occur within a defined territory. Is normally the largest GDP component. Many persons
judge the economic performance of their economic performance of their country mainly in terms of
consumption level of dynamics.

The Human Development Index Is a Better Measure of...
I will advance the thesis that the Human Development Index (HDI) is a better measure of economic
performance than the Gross Domestic Product (GDP) per capita. By saying that the HDI is a better
system to measure economic performance, I mean that because the HDI highlights the trend
between longevity, education and economic growth, it calculates a better analysis of an economy
(Costa, Steckel 1997, p. 71). In contrast, the GDP per capita only accounts for the gross domestic
product without paying any attention to other factors of an economy (Hawthorn, Sen 1997, p. 60).
With this being said, my thesis asserts that the HDI is a better measure for economic performance
because it considers significant factors that play large roles in an ... Show more content on
Helpwriting.net ...
As I just defended the importance of considering longevity in an economy, I will now explain why it
is imperative to consider education when calculating the development and performance of an
economy. To begin, when a population is educated they will have the opportunity to adapt new
technology and new ideas to enhance their productivity and output, which is an essential part of
competing against other economies in the international arena. To be more specific, when a
population is able to adapt new technology and idea they increase their speed of production, which,
in turn, increases their output, which means, in simple terms, new technology and ideas increase an
economy's growth because it allows them to produce more, faster and trade more, faster. This is best
explained in Invest in Humans, Technological Diffusion, and Economic Growth that says, "the
better educated farmer is quicker to adopt profitable new processes and products since, for him, the
expected payoff from innovation is likely to be greater and the risk likely to be smaller; for he is
better able to discriminate between promising and unpromising ideas, and hence les likely to make
mistakes (Nelson, Phelps 1966, p.70)", while the less educated farmer is prudent to delay the
introduction of new technology until he has concrete evidence of its profitability, which is often
from his

Food Stamps and The Supplemental Assistance Program
As I drive by 2520 Irving Blvd Street, I distinctly recall what it felt like to walk out of the
Department of Workforce Services building after I figured out that my family qualified for food
stamps. There wasn't a rainbow that day, after sharp flowing sprinkles fell from the sky. The parking
lot was vacant for the most part. As our family walked to our old, beat up car my mother had shed a
tear of relief. For some people that don't know what food stamps (S.N.A.P.) are, it is benefits from
the government usually based on total gross income. The total amount of money the state will
provide depends on several criteria. Before you judge, which I odds are you've already done, given
that I just told you that my family was impermanently on public assistance. First off, my mom tried
to do everything right. She stayed up late on Wednesday nights clipping coupons. She baked her
own bread. She steered away from credit card debt. She drove a 10–year–old car. She even tried to
get her GED except her French is stronger than her English and she couldn't comprehend much.
Amongst the United States is handling an ongoing issue about the Supplemental Nutrition
Assistance Program (S.N.A.P.), which is nearly dropping 47 million Americans whom don't qualify
for food stamps. Overall would increasing hardship and food insecurities for families that severely
need it. While some people milk the system and don't benefit our country trying to abuse it we will
talk about how great the amount of cuts

Gross Domestic Product
I. Introduction
1. Introduction and objectives
The wealth and success of a country is something that theoretically is very hard to measure and
quantify. However, tools called Indexes can be used to report on the past, present or future state of
country. The usage for these Indexes is quite obvious: they can be used to benchmark the situation
of a country compared to its peers, create historical trends in order to estimate if any improvements
have been made throughout the years in multiple fields. Of course, they can also be used as political
tools for the world leaders for internal purposes (linked to government policies) but also external
policies as it can be a mean to determine the power that a country can have on the international
level. The main Index that has been used for the past 80 years and is still used nowadays to measure
the economic wealth is the Gross Domestic Product (or GDP). It is important to remember that the
initial goal of these indexes (and particularly the GDP) is to measure and give a detailed report of
the addition, subtraction and multiplication of certain numbers that compose a country's economy.
Therefore, a measurement tool is not an end goal in itself.
Nevertheless, this index became the reason for an international competition between countries to
decide which one is the most able to bring this number to the maximum. This might not be an issue
if the GDP was not mainly a measurement of the economic wealth of a country. During the years,
new

Bruce And Johnston Retirement Case Summary
Bruce and Faith Johnston are 64 and 58 respectively and plan to retire within the next 2 years. They
have a combined net worth of $456,990 and if they accomplish their goals of paying off their
outstanding debt and their mortgage, their net worth will increase. Their current monthly income
sums to $5,666 and their total monthly expenses totals to around $4,500 with $1,000 of it as
expenses for subsidizing living expenses for their two children as a result of a "late parenthood".
With the idea of retiring within the next two years, their main source of income following retirement
is the $235,000 in Bruce's company profit sharing plan, and the potential inheritance of $150,000
from Faith's father. Their monthly household expenses include $850 for their mortgage, which has
nine years of payments remaining, $400 for property taxes, $300 for utilities, $250 for insurance,
and $278 for their new car that still has 48 payments left. With their monthly income totaling
$5,666, that leaves only $1,166 a month for various expenses that might pop up and for further
investments into Bruce's profit sharing plan. They do not have any cash assets, which is a negative
about their financial situation. They also have numerous debts which include their $75,000
mortgage, $13,344 for a car loan, ... Show more content on Helpwriting.net ...
Once Bruce retires, his employer will become a secondary payer, as Medicare will be the primary.
His employer will continue to provide health benefits for Faith for an increased premium of $352
per month. They also have coverage for both their car and home with $300,000 liability limits. The
couple does not have disability insurance and at this stage in their life they might not need it. They
also do not have an umbrella insurance policy to cover all of their belongings, which I would
recommend them looking into instead of just insurance for their home and

ECO 100 Final Paper Effects of taxes on the economy
Effects of Taxes on the Economy
Donna Ralston
ECO 100 Survey of Contemporary Economic Issues
Instructor: Frank Huber
July 14, 2014
What happens to the economy when the government raises or lowers taxes? Lots of people in
America do not understand exactly what happens to the economy when the government raises or
lowers taxes. In this paper I am going to address that question as well as a few other things such as:
Describing the effect on net personal income when the government raises taxes and when the
government lowers taxes. Describing how the Gross Domestic Product (GDP) is affected by higher
taxes and lower taxes. I will also identify what other economic factors are affected when taxes are
raised or ... Show more content on Helpwriting.net ...
To get everything produced by a country's citizens, no matter where they are in the world, you
should look at Gross National Product (GNP), also called Gross National Income (GNI)."
(Amadeo,K. n.d) Each month, the Bureau of Economic Analysis (BEA), an agency of the U.S.
Department of Commerce, releases an estimate of the level and growth of U.S. gross domestic
product (GDP), which is the output of goods and services produced by labor and property located in
the United States.
Usually, a recession is when a slowdown in economic activity happens and can cause a decrease in
jobs, as well as constricted credit for loans, and lethargic or disheartened sales overall. To be precise,
a recession is defined as a decrease in the nation's total economic activity (the GNP) for two or more
consecutive quarters. We know when a recession occurs because it affects everyone. You might lose
your job, be turned down for a loan that you normally could have gotten etc... The government
intervenes by implementing the fiscal policy; it is a type of economical intervention where the
government inserts its guidelines into the economy to either expand the economy's growth or to
contract it. They do this by fluctuating the levels of spending and taxation, the governments can
directly or indirectly affect the total demand, which is the total amount of goods and services in the
economy.
What other economic factors are affected when taxes are

National Income in of India in 2010-11
MACRO–ECONOMICS ASSIGNMENT TOPIC: NATIONAL INCOME ACCOUNTING IN
INDIA WITH REFERENCE TO THE YEAR 2010–2011 What is NATIONAL INCOME? The
concept of National Income is worth elaborating as it is the index of economic development.
Innumerable varieties of goods are produced in an economy in a year. These goods or output are
expressed in monetary terms. The aggregate of monetary values of all verities of goods produced in
a country during a given period, usually a year is called National product. For the production of
innumerable varieties of output, four factors of production have their respective contribution for
which they are paid in terms of * rent, * wage, * interest and * Profit. The sums of their
enumerations ... Show more content on Helpwriting.net ...
The expenditure method cannot be used where markets are unorganised. The production method
cannot also be used for unorganised sectors such as small–scale industries, trade and transport, and
so on. Different methods are used to measure the income genera ted by various sectors of the
economy. For calculating national income, the Indian economy is divided into 14 broad sectors,
which are then grouped into three main categories : A, B and C. Agriculture, forestry and logging,
fishing, mining and quarrying, registered manufacturing and construction are included in category
A. The production method is applied to category A. The value added by this category is found by
subtracting the value of raw materials and other inputs from the aggregate of commodity–wise
output. Electricity, railways, air transport, water and organised transport, communications, banking
and insurance, real estate, public administration and defence are included in category B. For
category B, the income method is applied and, for this, all the types of factor incomes which are
reported in the annual accounts of various organisations are aggregated. In category C, gas and
water supply, unorganised roads and water transport, storage, trade, hotels and restaurants,
ownership of dwelling and other services are included. For this category, sample surveys are done
periodically to find out the average productivity of labour. Estimates of the workforce are
interpolated or extrapolated and

Gross National Income (GNI)
I chose to do GNI per capita (PPP 2013) because at first glance I could tell that the numbers would
vary a lot more than the other three options. GNI has to do with thousands while the other choices
were single digits. Gross national income (GNI) was also a topic I find to be interesting. I think it is
beneficial to see each countries individual income and a choropleth map depicts it very well. The
first methodology I used for this map the video by Professor Bell. I looked at the tables in the
Appendix comparing them and doing a little bit of research to see which one was the most
interesting to me. I then opened the Excel sheet and began plugging in the numbers for each country.
Once I plugged them in I ordered them from largest to smallest.

Safe Chain Health Care Solutions, Inc. Essay
____________________________ RX, _______________ ____________________________
____________________________ Re: Safe Chain Health Care Solutions, Inc. Dear
__________________: This letter of intent proposes to Black Rock RX, _____, ("Black Rock") an
intention to engage in a venture for the mutual benefit of it and Safe Chain Health Care Solutions,
Inc. ("Safe Chain"). This letter of intent is not intended to be a binding agreement, and no party shall
be bourne until we both execute a written and formal agreement containing these terms, and other
terms that are usual and customary for a transaction such as this. 1. Services to be Provided by Black
Rock. In general terms, Black Rock will develop new customers for Safe Chain to service, which
customers shall be licensed to engage in their businesses and acceptable to Safe Chain as customers.
The services that Black Rock intends to provide, in more specific terms, are set forth on Exhibit A
attached to this Agreement. Those services are intended to be a general expression of Black Rock's
contributions to the venture and may change, or evolve, from time to time; provided, however, it is
the express intention of this venture between Black Rock and Safe Chain for Black Rock to provide
to Safe Chain new customers which Safe Chain can service and whose pharmaceutical products Safe
Chain can sell and distribute, and for Black Rock to benefit thereby. 2. Black Rock to Help Increase
Gross Revenues. Safe Chain's expectation, and

Measuring Gross Income Data Is A Measure Of Economic Welfare
Evaluate the extent to which Gross Income Data is a measure of economic welfare.
Morven Chan
Economic welfare is defined as the level prosperity and financial satisfaction of participants in an
economy. Economic welfare can often be assessed through statistics such as the level of
employment. National income statistics is defined as the value of goods and services produced in an
economic system over a period of time. National Income can be broken down into four different
parts which include Gross Domestic Product (GDP), Gross National Product (GNP), GDP per
capita, and GNP per capita. National Income is used for variety of purposes in our economy. Firstly,
national income statistics are important in that most of the government's future ... Show more
content on Helpwriting.net ...
Therefore as is shown through the expenditure method, the equation for GDP becomes:
GDP=C+G+I+(X–M)
Looking at the equation we can see that the issue arises that from the equation, there is absolutely no
calculation which addresses the economic welfare of the people and thus, as an economic indicator
GDP excels, but as a welfare indicator, this could suggest that it may not be the best choice. Gross
national product of a specific country is the sum of the goods and services produced by citizens of a
country domestically and the output from external sources which are owned/part of the specific
country. The symbol used to represent gross national product is GNP and the equation for the GNP
can be simply written as:
GNP=GDP+Net property income from abroad
GNP and GDP per capita are the values for GDP and GNP divided by the population of the country.
They give an average value for the output of product per individual in the country. Before looking at
the cons of national income statistics, we must first note that there are redeeming points to using
national income. For one, national income does a very good job of representing growth in the
economy. However as we know economic growth is not necessarily always a positive thing.
The issue with wealth distribution is one of the many reasons why national income

2015 Financial Planning Budget :
2015 Financial Planning Budget The following budget has been specifically planned for my future,
with some exceptions for going through a basic budget. I am a student at Southwestern Assemblies
of God University, my degree is in Counseling Ministries with an minor in Intercultural Studies. I
found out about SAGU my senior year of high–school from a life–long friend and shortly thereafter
had a complete encounter with the Holy–Spirit speaking to my heart about what He has called me to
do with my life in loving and ministering to people. If, I continue to further my education after
graduating from SAGU I know it will be to further the Kingdom of God. Being a counselor and
possibly going on the mission filled can be financially tolling, ... Show more content on
Helpwriting.net ...
Should I end up on the mission field, I will have a very limited budget, and depending on the
country as well, it is important for me to be a good steward and manage my money to the best of my
abilities. I am already financially supporting myself 100% through college; this has been good
preparation for the future. Hosea 10:12 says, "Sow with a view to righteousness, Reap in accordance
with kindness; Break up your fallow ground, For it is time to seek the LORD Until He comes to rain
righteousness on you." (NIV; BibleGateway). I believe it is important to sow and be aware of things
such as finances, and in that faithfulness to one–day reap what the Lord has. The budget that I have
constructed below is my salary as a single–woman living and working on my own. My monthly
gross income is $3,333.00. My taxes deducted as following: $216.66 goes to federal withholding,
$206.66 for social security, $48.33 to Medicare, and $229.93 for the state of Wisconsin. That leaves
my monthly net income to the amount of $2,473.17. I chose a simple 3–bedroom home in Kenosha,
Wisconsin, which costs a total of $140,000.00. I decided to make a 20% down payment of $28,000
and take out a loan for $112,000.00 at a interest rate of 3.89% per year. I had to go with the 30–year
mortgage rate due to finances, so my monthly mortgage including taxes is $701.52 (bankrate.com).
If I were not to make any extra payments, I will have paid this house off by January of 2045. I am
going to

How the Philippine Gov. Measure Its Gdp and Gnp
GDP and GNP as economic indicators
Gross Domestic Product (GDP) and Gross National Product (GNP) are key figures in accessing the
status of a country's economy. These numbers are also used to gauge the competency of the
administration in steering the economic wheels of the country.
By definition:
Gross Domestic Product (GDP) is the total market value of a country's output. It is the market value
of all final goods and services produced within a given period of time by factors of production
within a country.
Gross National Product (GNP) is the total market value of all final goods and services produced
within a given period by factors of production owned by a country's citizens, regardless of where the
output is produced.
GNP vs. ... Show more content on Helpwriting.net ...
G– Government Consumption
I – Capital Formation (spending by firms & households on new capital)
X – Exports
M –Imports
SD– Statistical Discrepancy
Table 2
Table 2.1
Table 2.2
Table 2.3
Table 2.4
*Current Market Prices
In the presentation at current market prices, the component of GDP are all valued at the existing
year of current market prices

*Constant Market Prices
At Constant Market Prices In the presentation of constant prices at base year, all product aggregates
are valued at fixed base year prices. The first base year used to calculate GDP was 1985.
*A good resource to compute for constant market price (Philippine consumer Index)
http://www.census.gov.ph/data/sectordata/datacpi.html
What Accounts for the Biggest Difference between the two measures?
The difference between the Gross Domestic Product (GDP) and our Gross National Product (GNP)
is what is referred to as NFIA or Net Factor Income from Abroad. See Table 3
Table 3. GDP, GNP and NFIA Figures 2003–2008 in Millions Source. National Statistics
Coordination Board
PERIOD At Current Prices GDP NFIA GNP
2003 4,316,402 315,077 4,631,479
Q1 994,224 68,550 1,062,773
Q2 1,032,440 80,778 1,113,218
Q3 1,057,502 83,314 1,140,816
Q4 1,232,236 82,435 1,314,672
2004 4,871,555 376,509 5,248,064
Q1 1,109,078 84,329 1,193,407
Q2 1,170,574 97,245 1,267,820
Q3 1,198,554 97,202 1,295,756
Q4 1,393,348 97,733 1,491,081
2005 5,444,038 447,145 5,891,183
Q1 1,234,383 100,221 1,336,605
Q2

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