Presentation to the Western Cape Provincial Legislature
... • NGP: savings and investment in SA below levels needed for sustained growth • Savings – To achieve growth of more than 4%, domestic savings rate has to be some 24% of GDP • Currently at some 16% (compare to 40% in China) • Even worse: current ratio of savings to disposable income of households is ...
... • NGP: savings and investment in SA below levels needed for sustained growth • Savings – To achieve growth of more than 4%, domestic savings rate has to be some 24% of GDP • Currently at some 16% (compare to 40% in China) • Even worse: current ratio of savings to disposable income of households is ...
Real Interest Rate
... Use the “LFM” model, with the upward sloping supply curve, if there is a that you identified in part (a) on the demand for the U.S. dollar “change savings” or “change in demand for loanable funds”, such as in theinforeign exchange market. expansionary or contractionary fiscal policy. Answer: Because ...
... Use the “LFM” model, with the upward sloping supply curve, if there is a that you identified in part (a) on the demand for the U.S. dollar “change savings” or “change in demand for loanable funds”, such as in theinforeign exchange market. expansionary or contractionary fiscal policy. Answer: Because ...
CHAPTER OVERVIEW
... 1. There is a lot of memorization required to learn the various measures used in the national accounts. In the interest of time, you might choose to have your students focus on the expenditures approach to calculating GDP. It will prove to be the most useful in understanding the analysis in subseque ...
... 1. There is a lot of memorization required to learn the various measures used in the national accounts. In the interest of time, you might choose to have your students focus on the expenditures approach to calculating GDP. It will prove to be the most useful in understanding the analysis in subseque ...
Durable Goods and the Business Cycle
... consumer demand. In some major economies such as Japan and the United States, machinery & equipment investment declined by 20 per cent or more from peak to trough. The falls in confidence also contributed to the decline in global industrial production that took place (Graph 4). In line with softer ...
... consumer demand. In some major economies such as Japan and the United States, machinery & equipment investment declined by 20 per cent or more from peak to trough. The falls in confidence also contributed to the decline in global industrial production that took place (Graph 4). In line with softer ...
November 2011
... Finally productivity growth from the last generation of innovations is peaking. ...
... Finally productivity growth from the last generation of innovations is peaking. ...
GDP - SIS Home
... services produced within a country in a given period of time. • GDP is divided among four components of expenditure: consumption, investment, government purchases, and net exports. ...
... services produced within a country in a given period of time. • GDP is divided among four components of expenditure: consumption, investment, government purchases, and net exports. ...
Jeopardy
... Cave students select questions in a specific category and for a specific dollar amount Click on the selected question Click mouse again to view the answer Click on the icon head in the bottom left hand corner to return to the main menu board ...
... Cave students select questions in a specific category and for a specific dollar amount Click on the selected question Click mouse again to view the answer Click on the icon head in the bottom left hand corner to return to the main menu board ...
November 13, 2010 The Return to Fiscal Rectitude After the Recent
... more difficult for observers to assess the true status of the total fiscal stimulus and of the fiscal situations of various countries. If the “fiscal subsidies” had been given directly through the budget, the fiscal packages would appear much larger. Because of the above considerations, a lot of unc ...
... more difficult for observers to assess the true status of the total fiscal stimulus and of the fiscal situations of various countries. If the “fiscal subsidies” had been given directly through the budget, the fiscal packages would appear much larger. Because of the above considerations, a lot of unc ...
Lecture 9 - Har Wai Mun
... Disposable personal income Less: Personal consumption expenditures Interest paid by consumers to business Personal transfer payments to foreigners Equals: personal saving Personal savings as a percentage of disposable personal income: ...
... Disposable personal income Less: Personal consumption expenditures Interest paid by consumers to business Personal transfer payments to foreigners Equals: personal saving Personal savings as a percentage of disposable personal income: ...
Guaranteed Green Jobs: Sustainable Full Employment
... production without observing the negative externalities it would imply. Governments, free of these rigidities or pressures, are more able to conduct structural changes. According to Lerner (1951), we cannot trust the people to drive the economy correctly because, even if they know the consequences ...
... production without observing the negative externalities it would imply. Governments, free of these rigidities or pressures, are more able to conduct structural changes. According to Lerner (1951), we cannot trust the people to drive the economy correctly because, even if they know the consequences ...
jimmy carter, bill clinton, and the new democratic
... that utilized consumption-boosting tax reduction to close the production gap between actual and potential economic growth.7 The expansion of productive capacity generated not only full employment but also bumper tax revenues to fund social activism at home and containment of communism abroad. It was ...
... that utilized consumption-boosting tax reduction to close the production gap between actual and potential economic growth.7 The expansion of productive capacity generated not only full employment but also bumper tax revenues to fund social activism at home and containment of communism abroad. It was ...
From Great Depression to Great Credit Crisis
... (‘quantum’) of world trade.18 This declined by 36% between the fourth quarter of 1929 and the third quarter of 1932.19 Figure 5 shows this series, interpolated geometrically to form a monthly series, together with the monthly volume of world trade series produced by the Netherlands Bureau for Econom ...
... (‘quantum’) of world trade.18 This declined by 36% between the fourth quarter of 1929 and the third quarter of 1932.19 Figure 5 shows this series, interpolated geometrically to form a monthly series, together with the monthly volume of world trade series produced by the Netherlands Bureau for Econom ...
Chapter 14: Monetary Policy - the School of Economics and Finance
... When the Fed decreases the money supply, households and firms will initially hold less money than they want, relative to other financial assets. Households and firms will sell Treasury bills and other financial assets and withdraw money from interest-paying bank accounts. These actions will increase ...
... When the Fed decreases the money supply, households and firms will initially hold less money than they want, relative to other financial assets. Households and firms will sell Treasury bills and other financial assets and withdraw money from interest-paying bank accounts. These actions will increase ...
Chapter_25_26
... Growth can help the world address many problems. But further growth must be sustainable growth, which should be based on knowledge-driven technological change. APPLYING ECONOMIC CONCEPTS 26-2 Climate Change and Economic Growth Copyright © 2014 Pearson Canada Inc. ...
... Growth can help the world address many problems. But further growth must be sustainable growth, which should be based on knowledge-driven technological change. APPLYING ECONOMIC CONCEPTS 26-2 Climate Change and Economic Growth Copyright © 2014 Pearson Canada Inc. ...
Pit of Consumption PPT - Mrs. Ennis AP ECONOMICS
... and value of planned real investment • Shifts: non-interest rate variables • i.e. business expenses, technology, taxes ...
... and value of planned real investment • Shifts: non-interest rate variables • i.e. business expenses, technology, taxes ...
34 Power Point
... The legislative process can take months or years. THE INFLUENCE OF MONETARY AND FISCAL POLICY ...
... The legislative process can take months or years. THE INFLUENCE OF MONETARY AND FISCAL POLICY ...
Endogenous Business Cycles and the Economic Response to
... ideas of Slutsky (1927) and Frisch (1933), this theory is based on the hypotheses of perfect markets and rational expectations. RBC theory states that business cycles are due to exogenous shocks in “real” (i.e. not purely monetary) variables and processes (e.g., sudden changes in technology, consum ...
... ideas of Slutsky (1927) and Frisch (1933), this theory is based on the hypotheses of perfect markets and rational expectations. RBC theory states that business cycles are due to exogenous shocks in “real” (i.e. not purely monetary) variables and processes (e.g., sudden changes in technology, consum ...
PDF
... ideas of Slutsky (1927) and Frisch (1933), this theory is based on the hypotheses of perfect markets and rational expectations. RBC theory states that business cycles are due to exogenous shocks in “real” (i.e. not purely monetary) variables and processes (e.g., sudden changes in technology, consum ...
... ideas of Slutsky (1927) and Frisch (1933), this theory is based on the hypotheses of perfect markets and rational expectations. RBC theory states that business cycles are due to exogenous shocks in “real” (i.e. not purely monetary) variables and processes (e.g., sudden changes in technology, consum ...
Slide 1
... The legislative process can take months or years. THE INFLUENCE OF MONETARY AND FISCAL POLICY ...
... The legislative process can take months or years. THE INFLUENCE OF MONETARY AND FISCAL POLICY ...
The Threat Is Real: Labor-Market Competition
... competition: 1) the extent to which jobs require specialized skill investments; 2) the costs of monitoring workers’ productivity and 3) the degree of manual dexterity intensity required in the job. Skill specialization and monitoring costs generate economic conditions for employment closure, providi ...
... competition: 1) the extent to which jobs require specialized skill investments; 2) the costs of monitoring workers’ productivity and 3) the degree of manual dexterity intensity required in the job. Skill specialization and monitoring costs generate economic conditions for employment closure, providi ...
Chapter 12 - Production, Income, and Employment
... In long-run, to tell us whether our economy is growing fast enough to raise output per capita and our standard of living, and fast enough to generate sufficient jobs for a ...
... In long-run, to tell us whether our economy is growing fast enough to raise output per capita and our standard of living, and fast enough to generate sufficient jobs for a ...
Discussion of Irvine and Schuh Robert J. Gordon
... Don’t forget 1970:Q4 GM strike, that huge spike in Figure 1. Yes, absence of auto strikes and labor strife is a structural change Good points in auto discussion: Dealers sell multiple brands, role of imports and exports Don’t forget Toyota “pull vs. push” as foreign manufacturers invade US with a di ...
... Don’t forget 1970:Q4 GM strike, that huge spike in Figure 1. Yes, absence of auto strikes and labor strife is a structural change Good points in auto discussion: Dealers sell multiple brands, role of imports and exports Don’t forget Toyota “pull vs. push” as foreign manufacturers invade US with a di ...
Chapters 21-25
... If government spending increases, then firms that sell goods and services to the government will earn additional revenue, which will end up going to the factors of production that produced those goods, increasing household income. The increase in income leads households to increase spending, increas ...
... If government spending increases, then firms that sell goods and services to the government will earn additional revenue, which will end up going to the factors of production that produced those goods, increasing household income. The increase in income leads households to increase spending, increas ...
An Introduction to Macroeconomics
... income in 70 years will be $40,000. And 35 years after that, the average citizen’s income will double again to $80,000. Such high rates of growth are amazing when compared to the period before modern economic growth when standards of living remained unchanged century after century. The vast differen ...
... income in 70 years will be $40,000. And 35 years after that, the average citizen’s income will double again to $80,000. Such high rates of growth are amazing when compared to the period before modern economic growth when standards of living remained unchanged century after century. The vast differen ...
Chapter 19 Practice Quiz
... d. Change in equilibrium output (DY) = spending multiplier x change in investment expenditure. Rewritten, DY = 1/(1-0.90) x $100 billion = 10 x $100 billion. 9. Keynes’ criticism of the classical theory was that the Great Depression would not correct itself. The multiplier effect would restore an ec ...
... d. Change in equilibrium output (DY) = spending multiplier x change in investment expenditure. Rewritten, DY = 1/(1-0.90) x $100 billion = 10 x $100 billion. 9. Keynes’ criticism of the classical theory was that the Great Depression would not correct itself. The multiplier effect would restore an ec ...