Interest received on government bonds is also in this category, because much of the money received from the sale of bonds went to pay for war production and that production no longer furnishes a service to the economy. The money people receive as personal income may be either spent or saved...
First page of articledoi:10.1111/j.1475-4991.1966.tb00718.xGyörgy SzilágyiJohn Wiley & Sons, Ltd.Review of Income and WealthSZILAGYI, Gyorgy. An intercountry comparison of the national income of planned economies. Review of income and wealth. Ottawa, v. 12, n. 2, p. 169-173, 1962....
How can you determine whether a good is income elastic or income inelastic? How do you reliably measure scarcity of capital in a country s economy? Use the "Keynesian Cross" diagram to describe what happens to the aggregate expenditure curve and the equilibrium level of national i...
Bevery individual even though his income is very low Cthose who work in joint ventures Dthose who work in government departments 正确答案 A 答案解析 本文提到过个人也要缴税,但并没有说每个有收入的人都要缴纳,不管其收入是多少,但是公司的利税是必须缴的。本题的依据是第二段中的一句: Out of the...
which is usually a year. National income, also known as Gross Domestic Product (GDP) is very helpful to the economists to track the economic growth’s rate, average living standard in one country as well as the distribution of income between different groups of population (i.e. inequality ...
One opposing force regarding financial stability is a country’s level of debt. High levels of debt, while manageable for shorter time periods, eventually lead to higher inflation rates and may ultimately trigger an officialdevaluationof a country’s currency. ...
gross national income (GNI), the sum of a country’s gross domestic product (GDP) plus net income (positive or negative) from abroad. It represents the value produced by a country’s economy in a given year, regardless of whether the source of the value created is domestic production or ...
We controlled for gender (1 = men), age, marital status (1 = married), presence of children (1 = yes), education, occupational status (dummies for self-employed, public, professional position, and other), and income. The reference category among occupational status variables is office worker...
The term "national debt" refers to the outstanding financial obligation of a country. The national debt is what the federal government owes its creditors. It's made up of different types of debt, such as that which is held by the public and federal government trust funds. ...
The difference between the two aggregates, GDP and GNI, corresponds to the net payment of income of the factors used in production but that are not residents in the country. As we saw in Section 2.1.1, the payment of income between residents and nonresidents is registered in the primary ...