by Simon Ng | Aug 10, 2015 | Aims of Government, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics |
Amidst the slow growth in the EU, the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented ‘austerity measures’ to reduce their budget deficit by raising...
by Simon Ng | Aug 10, 2015 | Aims of Government, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics |
Amidst the slow growth in the EU, the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented ‘austerity measures’ to reduce their budget deficit by raising...
by Simon Ng | Aug 10, 2015 | Economics Tuition, Inflation, JC Economics Essays, Macroeconomics, Unemployment |
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. “Inflation is harmful to an economy and hence it should be the priority of the Singapore government to...
by Simon Ng | Aug 10, 2015 | Economic Growth, Economics Tuition, Inflation, JC Economics Essays, Macroeconomics |
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10] Introduction...
by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Discuss the view that a large increase in national income is often but not always desirable. [15] Introduction The increase in national income will mean that the economy has attained actual growth and this is very often understood to be beneficial. However, there are...
by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how changes in investment expenditure results in a larger change in national income. [10] Introduction Investment refers to the part of the aggregate demand or expenditure that is spent on the production of capital equipment or infrastructure that will produce...
