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...
by Simon Ng | Jun 30, 2013 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how an increase in government expenditure will affect the economy? Introduction Government expenditure refers to expenditure on goods and services spent that are for ordinary and development expenditure in areas such as, provision of public goods and defense....
by Simon Ng | May 10, 2013 | Economics Tuition, JC Economics Essays, Macroeconomics, Unemployment |
Why should the government focus on low rate of unemployment? Introduction Unemployment occurs when workers who are willing to work but are not offered a job. The level of unemployment can be determined by the unemployment rate which is the ratio of unemployed workers...
