by Simon Ng | Jun 13, 2018 | Economics Tuition, Inflation, JC Economics Essays, Macroeconomics |
Discuss why governments are concerned to keep up the rate of inflation at a low level. Introduction Inflation is a situation where there is a sustained and inordinate increase in the general price level when there is excess demand without or with an inadequate...
by Simon Ng | Mar 16, 2018 | Economic Growth, Economicsfocus, JC Economics Essays |
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic growth should be the top priority goal of a government. [15] Question Analysis • Explain why economic growth is...
by Simon Ng | Mar 16, 2018 | Economic Growth, Economicsfocus, JC Economics Essays |
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax changes can help Singapore achieve higher economic growth. [10] Introduction • Define taxes • Distinguish...
by Simon Ng | Mar 16, 2018 | Economic Growth, Economics Tuition, JC Economics Essays |
The recent financial crisis saw Singapore’s exports plunge as the global recession has affected almost all major economies in the world, including the USA. Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]...
by Simon Ng | Jan 1, 2018 | Economic Indicators, Economics Tuition, Macroeconomics, Macroeconomics CSQs, National Income Accounting |
The following tables, Table 1 and Table 2, illustrate the economic indicators of two countries, USA and Japan. Analyse the economic data carefully before you answer the questions listed below. Questions (a)(i) According to the data, which country has higher standard...