National Income Accounting
H2 Economics Only
National Income Accounting is a bookkeeping system that governments use to measure the extent of a country’s economic activity within a given time period to determine its rate of growth of national income. Students are expected to be familiar with the various terms such as GDP, which will be able to help them determine the rate of economic growth, changes to living standards as well as changes to the distribution of income.
Economics Tuition: Explain what would limit the effectiveness of the austerity measures in the EU
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 taxes and...
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Economics Tuition: Inflation is harmful to an economy and hence it should be the priority of the Singapore government to reduce inflation. Discuss.
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 reduce...
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Economics Tuition: Explain how changes in investment expenditure results in a larger change in national income
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Economics Tuition: 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
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Economics Tuition: Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country
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Economics Tuition: Using economic analysis, discuss the likely impact of the above events on the airline industry and its related markets
2010 marked a trying time for the airline business. The eruption of the Icelandic volcano caused cancellations of 95,000 flights over Europe. One week later, the BP oil well exploded in the Gulf of Mexico, resulting in the worst oil spill in US history. Using economic...
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