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...
by Simon Ng | Jan 1, 2017 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
Many economists and statistical reports from prominent research institutions have ranked Singapore as one of the countries with a higher standard of living as our real Gross Domestic Product has been ranked in the top ten of all nations over the years. However,...
by Simon Ng | Aug 20, 2015 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
In Singapore, the enforcement of a good crime enforcement system has significantly reduced the level of crime rates and illegal activities in Singapore. However, in the past, where the presence of illegal activities/pirated transactions was rampant, it may have...
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 3, 2015 | Aims of Government, Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics, National Income Accounting |
The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population. [12] Introduction Standard of living measures the average quality of...
by Simon Ng | Aug 1, 2015 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
Explain the indicators used in assessing the economic health of a country. The economic health of a country refers to the standard of living (SOL) of a country, which includes the material and non-material aspects. For the material aspect of SOL, it determines the...
