Premium Essay

Why Is It Desirable for a Country to Have a Large Gdp? Give an Example of Something That Would Raise Gdp and Yet Be Undesirable

In:

Submitted By wailam827
Words 583
Pages 3
Less exercise because of activities participating and worse time management (topic 3)

Nowadays, many teenagers do not know how to manage their time effectively so they may waste their time on playing or just studying and do not other meaningful things, such as, having a volunteer work. Because of this situation, the Student Development and Guidance Center has done a survey about how TownU College students spend their time.

According to the survey, I find that students spend most of their time for academic use and socializing which use 23.3 hours (involve studying and attending class) and 12 hours per week respectively. However, their only use one hour to having sports and fitness. Undoubtedly, spending time on studying and socializing is essential for future and sociable development. Physical development is an indispensable element of yours. A balance development is better than too emphasizing on one or two parts.

Based on the result of survey, I would like to give some solution to students.

First, I think college should provide physical education lesson. Although you may think that should university students have discipline to do it themselves and college have provided enough facilitates to them, some of students may still not to do. Some students may not love doing sports, so they do not have any incentive to have exercises. A PE lesson is a good way to coerce doing sports.

Second, I think student union can hold a sport fun fair. The fun fair can involve games, talk and exhibition etc. Games should regard to sport, such as, shooting basketball. Through the games, students realize the why doing sport is fun. For the talks, I would like to invite famous athlete and expert of health. Through the talk of athlete, student may attract by the sport star and then go to do exercise. And the talk of expert, student can know that if they do not exercise, they

Similar Documents

Premium Essay

Macroeconomics

...1. Explain why an economy's income must equal its expenditures An economy’s income is the same as its expenditure because every transaction has two parties; a buyer and a seller. Every dollar of spending by some buyer is a dollar of income for some seller. This can be illustrated by a circular-flow diagram where households buy goods and services from firms, and firms use their revenue from sales to pay wages to workers, rent to land owners, and profit to firm owners. GDP equals the total amount spent by households in the market for goods and services. It also equals the total wages, rent, and profit paid by firms in the markets for the factors of production. 2. Why is it desirable for a Country to have GDP? Give an example of something that would raise GDP and yet be undesirable It is desirable for a country to have a large GDP (other things equal) because people could enjoy more goods and services. But GDP is not the only important measure of well-being. For example, laws that restrict pollution could cause GDP to be lower by preventing economic agents from undertaking GDP-enhancing but polluting activities. However, stricter emission standards might also raise the demand for the newer technology, such as new cars and filter systems. Destruction through natural disaster may increase GDP in the medium run as the reconstruction effort is measured. In the short term, only any disruption to economic activity affects the GDP measure whilst the destruction itself does not enter...

Words: 343 - Pages: 2

Premium Essay

Macroeconomics

...Chapter 23 1. Explain why an economy’s income must equal its expenditure? The economy’s income must equal its expenditure because there is always a buyer and a seller and the transaction equally to the economy’s income and its expenditure. 2. Which contributes more GDP-the production of an economy car or the production of a luxury car? Why? The luxury car because the luxury car cost more and therefore increases consumption and it reduces the net port because the car is imported 4. Many years ago Peggy paid $500 to put together a record collection. Today she sold her albums at a garage sale for $100. How does this sale affect GDP? The sale from Peggy selling her record collection at a yard sale is not included in GDP. GDP measures the value of production that takes place within a specific interval of time, usually a year or a quarter. 5. List the four components of GDP. Give an example of each. The four components of GDP are 1) consumption- Spending on Households on goods and services, with the exception of purchases of new housing. 2) Investment-the purchase of goods that will be used in the future to produce more goods and services. 3) Government Purchases-Spending on goods and services by local, state, and federal government 4) net exports- Spending on domestically produced goods by foreigners (exports) minus spending on foreign goods by domestic residents (imports). 6. Why do economists use real GDP rather than nominal GDP to gauge economic well being...

Words: 776 - Pages: 4

Premium Essay

Macroeconomics

...transfers to the poor? 4. What do you mean a consumer’s indifference curves; draw a curves for wine and cheese. Describe and explain four properties of these indifference curves? 5. What do you mean by political economy? How political economy different from behavioral economic? 6. Explain why an economy’s income must equal its expenditures? (fiscal policy) 7. Why do economists use real GDP rather than nominal GDP to gauge (test) economic well- being? 8. Why is it desirable for a country to have a large GDP? Give example of something that would raise GDP and yet be undesirable. 9. What do you think has a greater effect on the consumer price index: a 10 percent increase in the price of wheat or a 10 percent increase in the price of rice? Why? 10. Describe the three problems that make the consumer price index an imperfect measure of the cost of living? 11. Explain the meaning of nominal interest rate and real interest rate. How are they related? 12. What does the level of a nation’s GDP measure? What does the growth of GDP measure? Would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate? 13. What is a government budget deficit? How does it affect interest rates, investment, and economic growth? 14. What is national saving? What is private saving? How are these three...

Words: 447 - Pages: 2

Premium Essay

Management

...Broadly defined, sovereign risk refers to the risk that a host government or sovereign power will default on its payment obligations. For example, a host government or sovereign power may unilaterally repudiate its foreign obligations or many prevent local firms from honouring their foreign obligations. Sovereign risk reflects potential adverse effects resulting from a country’s political conditions. In other words, sovereign risk reflects the possibility that political conditions could prevent the counterparty in a swap agreement from meeting its payment obligations. Various political conditions could prevent the counterparty from meeting its obligation in the swap agreement. For example, the local government might take over the counterparty and then decide not to meet its payment obligations. Alternatively, the government might impose foreign exchange controls that prohibit the counterparty from making its payments. Sovereign risk differs from credit risk because it is dependent on the financial status of the government rather than the counterparty itself. A counterparty could have very low credit risk but conceivably be perceived as having high sovereign risk because of its government. It does not have control over some restrictions that are imposed by its government.   Comment on the most common indicator of sovereign risk with current examples. Spain's Government Bond Yield for 10 Year Notes rallied 58 basis points during the last 30 days which means it became more expensive...

Words: 5678 - Pages: 23

Premium Essay

Usa Housing Bubble Burst

...Supply 41 4. International Trade 44 Introduction to International Trade 45 International Trade Restrictions 48 Arguments in Favour of Restricting Trade 53 Non-economic Arguments for Restricting Trade 56 Problems with Trade Protection 58 5. Market Structures 62 Introduction to Market Structure 63 Perfect Competition 65 Monopoly 68 Monopolistic Competition 72 6. Macroeconomics – GDP, Unemployment, Money and Central Bank 77 Introduction to Macroeconomics 78 GDP 81 Unemployment 84 Inflation 89 [pic] |Principles of Economics | |BM2 | A WORD OF WELCOME | | |As a distinct discipline, economics has been studied for a few hundred years, yet civilisation have confronted the economic problem| |of scarce resource but unlimited wants for many years. Economics is renewed every day by fresh evidence that reshapes and...

Words: 12008 - Pages: 49

Premium Essay

Economics

...onoECONOMICS RESOURCE | 1 ECONOMICS RESOURCE | 1 ECONOMICS 2009-10: FUNDAMENTALS OF ECONOMIC THINKING Table of Contents Preface to the Economics Resource .................................................................................. 5 Fundamentals of Economics ............................................................................................ 7 The Basic Economic Problem—Scarcity ............................................................................................ 8 Production of Goods and Services .................................................................................................... 10 Increasing Costs ............................................................................................................................... 12 The Factors of Production ............................................................................................................... 14 Benefit-Cost Analysis – Marginal Decision-Making ......................................................................... 15 Marginal Utility and Waffles ............................................................................................................ 17 More on Marginal Utility and the Effect of Prices ............................................................................ 19 Individual and Social Goals .............................................................................................................. 20 Positive and Normative Economics...

Words: 65448 - Pages: 262

Premium Essay

Fiscal Deficit

...Analysis     Definition of Government Accounts for Macroeconomic Analysis          Coverage of Government Operations          Timing of the Impact of Fiscal Transactions          Defining the "Overall Fiscal Balance"How Much Fiscal Adjustment Is Required?     A Framework for Fiscal Adjustment     Determining the Amount of Fiscal Adjustment          Reducing the Fiscal Deficit          Quality of AdjustmentHow Should Fiscal Adjustment Be Effected?     Measures to Improve the Tax System and Increase Revenue          Characteristics of a Desirable Tax System          Design of Major Taxes     Rationalization of Expenditure Policies          Expenditure Reduction in the Short Run          Structural Public Expenditure ReformReferencesBoxes1. Adverse Consequences of Excessive Fiscal Expansion for Growth2. The Exchange Rate Effects of Fiscal Policy3. Quasi-Fiscal Activities of Public Financial Institutions4. When Should a Country Run a Fiscal Surplus?5. Technical Assistance for Growth6. Social Safety Nets7. Reforming Tax Administration8. The Budget and Expenditure...

Words: 15497 - Pages: 62

Premium Essay

Supply and Demand

...think they could, give examples. Yes. People could produce things for their own consumption. For example, people could grow vegetables in their garden or allotment; they could do their own painting and decorating. Alternatively people could engage in barter: they could produce things and then swap them for goods that other people had produced. ( Before reading on, how would you define scarcity? Must goods be at least temporarily unattainable to be scarce? See page 2 of text for a definition of scarcity. Goods need not be unattainable to be scarce. Because people’s incomes are limited, they cannot have everything they want from shops, even though the shops are stocked full. If all items in shops were free, the shelves would soon be emptied! ( If we would all like more money, why does the government not print a lot more? Could it not thereby solve the problem of scarcity ‘at a stroke’? The problem of scarcity is one of a lack of production. Simply printing more money without producing more goods and services will merely lead to inflation. To the extent that firms cannot meet the extra demand (i.e. the extra consumer expenditure) by extra production, they will respond by putting up their prices. Without extra production, consumers will end up unable to buy any more than previously. 5 ( (Box 1.1) What is it that makes each one of the above news items an economics item? Each one of the items has something to do with production...

Words: 89665 - Pages: 359

Premium Essay

The World in 2008

...the world in 2008. One of these is the world economy, which can no longer depend on America, with its housing and credit woes, to drive growth. America should—just—avoid recession, but it will be China (for the first time the biggest contributor to global growth) along with India and other emerging markets that will shine. Another focus of attention will be climate change. As China replaces America as the world’s biggest producer of greenhouse gases, serious efforts on global warming depend on the serious involvement of those two countries. If 2007 was the year when this rose to the top of the global agenda, in 2008 people will expect action. It is striking that green is a theme that links all the contributions from political leaders in this volume, whether at the city level (Michael Bloomberg), the national level (Felipe Calderón, Nancy Pelosi, Nicolas Sarkozy) or the supranational level (the UN’s Ban Ki-moon, ASEAN’s Surin Pitsuwan). The politicians have talked the issue up; will they now let people down? A third preoccupation will be geopolitical risk. The conventional wisdom is that America is...

Words: 89030 - Pages: 357

Premium Essay

Purpose of Organisation

...Table of Contents Task 1 2 Different types of organizations and the purpose 2 1.1 Purpose of organization 2 1.2 Meeting Stakeholders objectives 4 1.3 The responsibilities that the Sainsbury organization has and the strategies they employ to meet these responsibilities. 6 Task 2 8 2.1 Different economic systems and resource allocation 8 2.2 Impact of fiscal and monetary policies in Business Organization 11 2.3 Impact of Competition policy and other regulatory mechanisms on the business 12 Task 3 14 Behaviour of Organisation in the Market Place 14 3.1 Market structure to determine the pricing and output decisions of businesses 14 3.2 Market forces shape organizational responses 15 3.3 The business and cultural environments shape the behaviour of an organization 16 Task 4 19 4.1 The significance of international trade to UK business organizations 19 4.2 The impact of global factors on UK business organizations 21 4.3 The impact of policies of the European Union on UK business organizations 25 Conclusion 28 References 29 Task 1 Different types of organizations and the purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main objective for their business. Organizations help in making profit in a standard way. The different purpose of organizations...

Words: 7676 - Pages: 31

Premium Essay

The Advent of Social Progress Index to Measure Competitiveness

...University Sciences-Po/Columbia University Princeton University Princeton University University of Warwick Harvard University London School of Economics University of Chicago Sciences Po Rapporteurs Jean-Etienne CHAPRON General Rapporteur Didier BLANCHET Jacques LE CACHEUX Marco MIRA D’ERCOLE Pierre-Alain PIONNIER Laurence RIOUX Paul SCHREYER Xavier TIMBEAU Vincent MARCUS INSEE INSEE OFCE OCDE INSEE INSEE/CREST OCDE OFCE INSEE Table of contents EXECUTIVE SUMMARY I. SHORT NARRATIVE ON THE CONTENT OF THE REPORT Chapter 1: Classical GDP Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Chapter 2: Quality of Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Chapter 3: Sustainable Development and Environment . . . . . . . . . . . . . . . . . . . . . 61 II. SUBSTANTIAL ARGUMENTS PRESENTED IN THE REPORT Chapter 1: Classical GDP Issues . . . . . . . . . . . . . . . . . . . . . . ....

Words: 147885 - Pages: 592

Premium Essay

Economic Statistics

...slight increase in business fixed investment sector. This was mainly attributed to good performance in software and equipment. In general, the economy seems to be headed for recovery (United Nations, 2010). There were increased product and services exports as well as over growth in consumer spending. Overall federal government spending increased. This was as a result of increased government spending in military. The issue of oil and turmoil in oil producing countries especially in North Africa has contributed negatively to the economy. High energy costs mean that most sections of the economy will experience high production costs. Final products will be more costly to the consumer and thus leading to reduced consumer spending. A broader look at the state of the economy reveals that the economy is headed for a recovery. Most core sections of the economy have begun to register growth meaning that soon the economy will bounce back (United Nations, 2010). Macroeconomic Snapshots and Forecast Several surveys have been conducted to determine the financial situation of United States. Executives' sanguinity about the budget has continued to propagate over the past months, rendering to the outcomes of a McKinsey Quarterly survey in the area. This was carried out throughout the week that U.S. stock markets hit their topmost point so far in 2009. More businesses are...

Words: 7123 - Pages: 29

Premium Essay

Journal Paper

...Investment and Country Risk: What kind of Interaction?” Supervisor: Professor D. Kyrkilis Stavroula Samara stav_samara@windowslive.com Foreign Direct Investment and Country Risk Table of Contents Abstract…………………………………………………………………………………………………………………….4 Introduction………………………………………………………………………………………………………………4 Foreign Direct Investment…………………………………………………………………………………………6 The Definition……………………………………………………………………………………………………………6 The Types………………………………………………………………………………………………………………….8 The Multinational Corporations………………………………………………………………………………..9 The Effects………………………………………………………………………………………………………………11 The Final Remarks…………………………………………………………………………………………………..13 Country Risk……………………………………………………………………………………………………………14 The Definition………………………………………………………………………………………………………….15 Various approaches of the literature on country risk (table)……………………………………17 The Historical Background………………………………………………………………………………………17 Country Risk Types and Measurements…………………………………………………………………..18 The Factors……………………………………………………………………………………………………………..22 Country Risk Assessment…………………………………………………………………………………………23 Risk Measures (table)………………………………………………………………………………………………25 The Methods…………………………………………………………………………………………………………..27 How does Country Risk matter for FDI?.......................................................................29 FDI and Country Risk: A Research……………………………………………………………………………33 The Data…………………………………………………………………………………………………………………33 2 Foreign Direct Investment and Country Risk The...

Words: 13068 - Pages: 53

Premium Essay

Japan Economy

...NBER WORKING PAPER SERIES TWO DECADES OF JAPANESE MONETARY POLICY AND THE DEFLATION PROBLEM Takatoshi Ito Frederic S. Mishkin Working Paper 10878 http://www.nber.org/papers/w10878 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2004 This paper is written for the NBER 15th East Asian Seminar on Economics, June 25-27, 2004. The authors are grateful to Takeshi Kudo and Emilia Simeonova for their excellent research assistance. We also thank our discussants Ken Kuttner, and Kazuo Ueda, Kunio Okina and participants at seminars at the Bank of Japan, and the East Asian Seminar on Economics. Any views expressed in this paper are the views of the authors only and not the University of Tokyo, Columbia University or the National Bureau of Economic Research. The views expressed herein are those of the author(s) and not necessarily those of the National Bureau of Economic Research. © 2004 by Takatoshi Ito and Frederic S. Mishkin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Two Decades of Japanese Monetary Policy and the Deflation Problem Takatoshi Ito and Frederic S. Mishkin NBER Working Paper No. 10878 October 2004 JEL No. E42, E52, E58 ABSTRACT This paper reviews Japanese monetary policy over the last two decades with an emphasis on the experience of deflation from the mid-1990s. The paper is quite...

Words: 31497 - Pages: 126

Premium Essay

The Unanticipated Consequences of Technology

...------------------------------------------------- Lessons learnt from unintended consequences of innovations in technology ------------------------------------------------- Individual Assignment: MT5014 Systems Approach to Technology and Innovation Ravi Raman – A0008484A Abstract There have been many great innovations over the course of human history and they had many unintended consequences to the human society and to the technology in general. The study of unintended consequence has been quite limited in the current day. This paper is a study of unintended consequences of the key technological innovation from 18th century to early 20th century. This paper details the technological innovation from holistic thinking perspective and critically analysis the unintended consequences of the innovations. * Table of Contents 1. Introduction 4 1.1 What is an unintended consequence? (Karl-Erik Sveiby Pernilla Gripenberg, 2009) 4 1.2 Kinds of unintended consequences (Andrews, 2005) 5 2 Nuclear Energy 7 2.1 Concept Map 7 2.1.1 Nuclear Fission Reaction 7 2.1.2 Nuclear Energy development history 7 2.2 Problem 8 2.3 Holistic Thinking Perspective 8 2.4 Technology Innovation 10 2.5 Managing Innovation & Moving to Market 11 2.6 Complexity Management 12 2.7 Quantitative 12 3 Internal Combustion Engine - Automobile industry till early 20th Century 14 3.1 Concept Map 14 3.1.1 History of Internal Combustible Engine 14 3.2 Problem 15 3...

Words: 11622 - Pages: 47