by Simon Ng | Aug 13, 2015 | Economic Indicators, JC Economics Essays, Macroeconomics, National Income Accounting |
Standard of living refers to the average quality of life of a population that includes the material and non-material aspects of life. The material aspect or quantitative value of SOL is determined by the quantity of goods and services enjoyed by the individual through...
by Simon Ng | Aug 10, 2015 | Aims of Government, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics |
To what extent is the policy of gradual appreciation of the Singapore Dollar always a desirable approach to maintain economic stability in Singapore? Introduction When an economy seeks to achieve economic stability, the government strives to achieve low inflation rate...
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...
