Name: Tutor: Course: Date: Should people who download music and movies illegally be punished? The number of illegal movie and music downloads has steeply risen over the past decade. Music and movie producers invest immense time and resources in production hoping to not only recoup their investment but also earn profits. Neither music nor movies are spontaneously created. It is only logical that users pay for them and not exploit the producers through free illegal downloads. As a result, people
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spending increased. 2. What was GNP for 2009? 14,117.2 a) What is the difference between GDP and GNP? GDP is the total market value of goods and services produced by labor and owned by a country regardless of where production took place. b) How did GNP change from 2008? GNP increased in 2008, but started decreasing in 2009. Domestic business, households, and the general government increased. c) What caused the changes? Income receipts for the rest of the world
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Production & National Income Accounting Principles: GDP is measured using 2 separate approaches: 1) Expenditure approach: the amount of money you pay someone to do a job 2) Factor Income approach: the amount of money someone earn to do a job -Even though they are independent approaches to the measurement of prod., theoretically they are equivalent --> lead to same answer. -Any difference that arises between the 2 approaches is called statistical discrepancy or residual error of estimate=
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The Fundamentals of Macroeconomics Matthew Crow ECO/372 University of Phoenix The Fundamentals of Macroeconomics can be explained in a couple of different ways ranging from how patrons purchase the food they live off of, and what store they choose to shop at. Along with companies having massive layoff seasons, and the government decreasing of taxes. There are various ways the economy is impacted, these are the areas we will address, and what the effects have on government, businesses, and
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Gross Domestic Product , Net Factor Income from Abroad and Gross National Product 1st Qtr 2000 - 4th Qtr 2010 (in million PhP) Period | At Current Prices | At Constant 1985 Prices | | GDP | NFIA | GNP | GDP | NFIA | GNP | 2005 | 5,444,038 | 447,145 | 5,891,183 | 1,211,452 | 108,548 | 1,320,000 | Q1 | 1,234,383 | 100,221 | 1,336,605 | 284,063 | 25,239 | 309,303 | Q2 | 1,316,400 | 112,436 | 1,428,836 | 297,426 | 27,429 | 324,855 | Q3 | 1,334,509 | 107,281 | 1,441,790 | 292,665 | 25,680
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Economy Profile: India © 2012 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive
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National income and output are used in economic studies to estimate the value of goods and services produced in an economy—a snapshot of a country’s economic activity. A system of national accounts is employed to account for and record economic changes. National income is calculated using a variety of different methods. Some of the more popular methods include GDP (Gross Domestic Product), GNP (Gross National Product), NNP (Net National Product), NNI (Net National Income) PI (Personal Income) and
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■ Fundamental Analysis: Fundamental analysis is a technique that attempts to determine a security’s value by focusing on underlying factors that affect a company's actual business and its future prospects. On a broader scope, you can perform fundamental analysis on industries or the economy as a whole. The term simply refers to the analysis of the economic well-being of a financial entity as opposed to only its price movements Fundamental analysis serves to answer questions, such as: •
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Public Finance Methods in Nigeria The Federal Republic of Nigeria is comprised of 36 states located in West Africa geographically bound by the Republic of Niger to the north, the Gulf of Guinea (on the Atlantic Ocean) to the south, the Republic of Cameroon and Chad on the east and Republic of Benin on the west. Since gaining full independence from the British in 1960, Nigeria has gone from a Parliamentary system of government (modeled after the British Parliament), the Biafran Civil War, and
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history informs us that income tax started in 1861 with the Civil War, when congress passed a bill required everyone to pay three percent of their income starting at $600 to $10,000 each year (Boortz & Linder, 2005). Since the end of Civil War, the battle began to get rid of the income tax. The truth is that the tax takes money off our pockets. But, I proposed that tax increase on income $ 250,000.00 or more per year because that will decrease taxation on the lower income levels, and increase revenue
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