Despite the increased access to education, a significant number of people cannot read or write. What are the disadvantages and what action should the government take? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words. ...
Why might economists be quite concerned if the annual interest payments on the U.S. public debt sharply increased as a percentage of GDP? Why should aggregate demand and GDP increase together as a matter of accounting? Why do economists and managers pay attention to the measurements of macroecon...
For consumers, product quality and affordability are important for spending decisions, and Chinese EVs can offer both. However, the planned increased duties will make it more difficult for European consumers to find good value for money. A recent Reuters report said that e...
Though China still has a long way to go to bridge the gap with developed countries like the US, its substantially increased R&D investment in recent years is expected to fuel further advancements and enhance its competitiveness o...
Government borrowing can compete with private venture capital firms for finite capital. This competition can lead to higher interest rates and reduced venture capital investment. However, in some cases, increased government spending on public capital can raise returns for private venture capital, encourag...
Across the board, the brackets increased by 5.4% from 2023 because of inflation. For example, for single filers, the 22% tax bracket for the 2023 tax year started at $44,726 and ended at $95,375. It shifts up to between $47,151 and $100,525 for tax year 2024. What this means ...
For bond aficionados, all this increased government spending fuelled a massive increase in bond issuance. But the same can't be said for credit - particularly high yield, says Mike Della Vedova from T. Rowe Price. In fact, while rising interest rates could help fuel a major crunch, that ...
Should the Government Be Getting Involved With the Economy? One of the biggest obstacles facing policymakers is deciding how much direct involvement the government should have in the economy and individuals' economic lives. Indeed, there have been various degrees of interference by the government over...
"We anticipate that with the reopening of China,there'll be a big recovery of demand among Chinese consumers.Since many countries in the region trade with China,that will benefit their exports to China.It should be beneficial to all the value chains that China is connected to,"Albert Park,...
Finally, GDP can be measured based on the value of the goods and services produced (the production or output approach). Because economic output requires expenditure and is, in turn, consumed, these three methods for computing GDP should all arrive at the same value. In general, the following ...