Dr. Kavita Srivastava. ITS, Ghaziabad
|
|
- Georgina Small
- 5 years ago
- Views:
Transcription
1 Fiscal Policy Dr. Kavita Srivastava Deptt. Of Management ITS, Ghaziabad
2 Meaning & Definition Fisc means State Treasury. Fiscal Policy refers to the policy concerning the use of state treasury or the government finances to achieve the macroeconomic goals. Fiscal Policy is a policy under which the government uses its expenditure and revenue programmes to produce desirable effects on the national income, production and employment. In order to attain these objectives, the government of India has been formulating its fiscal policy incorporating the revenue, expenditure and public debt component in a comprehensive manner. 12/7/2009 Dr. Kavita Srivastava 2
3 Objectives of the Fiscal Policy: To mobilise adequate resources for financing various programmes and projects adopted for the economic development. To raise the rate of savings and investment. To attain economic stability To remove poverty and unemployment To reduce regional disparities To reduce the inequality of income and wealth. To maintain growth rate in the economy 12/7/2009 Dr. Kavita Srivastava 3
4 Also called budgetary policy where revenue and expenditure of government are dealt with. 12/7/2009 Dr. Kavita Srivastava 4
5 Scope of Fiscal Policy Includes the number of fiscal instruments and target variables. Fiscal instruments are the variables that government can change at its own discretion. It includes budgetary policy, government expenditure policy, taxation, public debt & deficit financing. Target variables are macro variables like disposable income, aggregate consumption, savings & investment, imports & exports and the general prices. 12/7/2009 Dr. Kavita Srivastava 5
6 Fiscal instruments Budgetary Policy: Balance Budget Surplus Budget Deficit Budget 12/7/2009 Dr. Kavita Srivastava 6
7 Public Expenditure Government Expenditure is on the following: Public spending on purchase of goods and services Payment for wages and salaries of government servants Public investments Transfer payments Government expenditure is an injection to the economy, it adds to the aggregate demand 12/7/2009 Dr. Kavita Srivastava 7
8 Development of infrastructure Development of public enterprises Support to the private sector Social Welfare and employment programmes 12/7/2009 Dr. Kavita Srivastava 8
9 Taxation Tax is a non Quid pro quo payment tby the people to the government Direct & indirect taxes Direct tax includes taxes on personal income, corporation tax, wealth & property. In , personal income tax contributed 17.0 percent and corporation tax 21.3 percent of the gross tax revenue 12/7/2009 Dr. Kavita Srivastava 9
10 Indirect Taxes Indirect ttaxes includes taxes on production and sale of the goods and services. Also called commodity taxes Excise duty and custom In , central excise duty yielded 38.1 percent and customs 20.7 percent of the gross tax revenue. 12/7/2009 Dr. Kavita Srivastava 10
11 Public Debt Internal Debt : (i) Borrowing from the public by means of government bonds and treasury bills (ii) Borrowing from the central bank, i.e., deficit financing External Borrowings: ( i ) Borrowing from foreign government,(ii) International organizations, (iii) Market Borrowings 12/7/2009 Dr. Kavita Srivastava 11
12 Deficit Financing Is a situation where expenditure of the government acceedes its revenue in the current and capital account. 12/7/2009 Dr. Kavita Srivastava 12
13 Kinds of fiscal policy Compensatory fiscal policy Surplus budgeting During the period of inflation, expenditure is lower than the revenue, high rate of tax is imposed this reduces the purchasing power of individuals as their disposable income decreases as a result the aggregate demand decreases. A cut in government expenditure also reduces the aggregate demand. 12/7/2009 Dr. Kavita Srivastava 13
14 Deficit Budgeting During the period of deflation, expenditure is more than the revenue, low rate of tax is imposed this increases the purchasing power of individuals as their disposable income increases as a result the aggregate demand increases. An increase in government expenditure also increases the aggregate demand. 12/7/2009 Dr. Kavita Srivastava 14
15 Discretionary fiscal policy Government makes deliberate changes in: The level and pattern of taxation Size and pattern of its expenditure The size and composition of public debt 12/7/2009 Dr. Kavita Srivastava 15
16 Changes in Taxation Includes changes in direct and indirect taxes as Increasing or decreasing the tax rates Imposition of new taxes or abolition of old taxes Imposition of taxes on new tax bases 12/7/2009 Dr. Kavita Srivastava 16
17 Changes in Government Includes: Expenditure Change in the size of government expenditure Composition of government expenditure The method of financing government expenditure Transfer payments Methods of deficit financing 12/7/2009 Dr. Kavita Srivastava 17
18 Fiscal Policy & Macroeconomic Goals Fiscal Policy for economic growth: Given the manpower, technology & the natural resources, the growth rate of a country depends on the rate of savings and investment. 12/7/2009 Dr. Kavita Srivastava 18
19 In order to promote savings, the rate of income tax is enhanced than the tax incentives are provided for savings corporate sector is provided with number of incentives and concessions for promoting private investments t Incentives and concessions include tax holiday, investment subsidies, exemption from the import duties and so on. 12/7/2009 Dr. Kavita Srivastava 19
20 These methods often prove inadequate for raising savings due to: Low level of per capita income and high rate of MPC A small fraction of population with taxable income Inadequate growth of population p and social overhead capital Lack of effective aggregate demand 12/7/2009 Dr. Kavita Srivastava 20
21 Government is required to play the role of a prime mover. Progressive taxation policy Widespread taxation of all kinds of consumer goods Taxation of luxury goods Imposition of exorbitantly high duty on import of consumer goods 12/7/2009 Dr. Kavita Srivastava 21
22 Public Borrowings &Economic Growth Internal borrowings include market borrowing and deficit financing External borrowings is from the international organizations to finance growth projects. 12/7/2009 Dr. Kavita Srivastava 22
23 Fiscal Policy & Employment Heavy taxation on capital intensive goods Sbidi Subsidization i of flb labour intensive i goods. Heavy duty on imports of capital intensive technology Concession on imports of finputs for labour intensive i products Government allocation of funds for labour intensive i public works like construction of roods, dams, canals and bridges. Promotion of schemes like JRY etc. 12/7/2009 Dr. Kavita Srivastava 23
24 THANK YOU 12/7/2009 Dr. Kavita Srivastava 24
Economic effects of population ageing on India s public finance: Evidence and implications based on National Transfer Accounts
7th GLOBAL CONFERENCE OF NATIONAL TRANSFER ACCOUNTS 11-12 June 2010: East-West Centre, Honolulu, Hawaii (USA) Economic effects of population ageing on India s public finance: Evidence and implications
More informationCHAPTER I INTRODUCTION
CHAPTER I INTRODUCTION The study of public finance is concerned with the revenue expenditure process of a government. In India, since Independence, there has been a sustained and significant expansion
More informationIMPACT OF POPULATION AGEING ON INDIA S PUBLIC FINANCE: NEW EVIDENCE AND IMPLICATIONS
8th GLOBAL NTA Conference on Intergenerational Approaches to Social and Economic Policy 8 9 December 2011 CEDEPLAR/UFMG Belo Horizonte, Brazil IMPACT OF POPULATION AGEING ON INDIA S PUBLIC FINANCE: NEW
More informationSAMPLE COURSE OUTLINE ECONOMICS ATAR YEAR 12
SAMPLE COURSE OUTLINE ECONOMICS ATAR YEAR 12 Copyright School Curriculum and Standards Authority, 2015 This document apart from any third party copyright material contained in it may be freely copied,
More informationFiscal Policy What is Fiscal Policy? Classical View vs. Keynesian View: 1. Classical View: Keynesian View:
Fiscal Policy What is Fiscal Policy? Fiscal policy is the process of shaping government taxation and government spending so as to achieve certain objectives. According to Prof. Samuelson, by a positive
More informationECC Macroeconomics Summary Notes
ECC1100 - Macroeconomics Summary Notes Contents General Definitions... 3 Australia s National and International Accounts... 4 Nominal and Real GDP... 4 Balance of Payment Accounts... 5 Other National Accounting
More informationIB Economics The Level of Overall Economic Activity 2.1: Economic Activity
IB Economics: www.ibdeconomics.com 2.1 ECONOMIC ACTIVITY: STUDENT LEARNING ACTIVITY Answer the questions that follow. 1. DEFINITIONS Define the following terms: Income Factors of production Land entrepreneurship).
More informationFISCAL STIMULII AND CONSOLIDATION: RECENT EXAMPLES
1 FISCAL STIMULII AND CONSOLIDATION: RECENT EXAMPLES AT INTERNATIONAL MONETARY FUND MARCH 7 8, 2011 Parthasarathi Shome Indian Council for Research on International Economic Relations (ICRIER), New Delhi
More informationSENIOR CERTIFICATE EXAMINATIONS
SENIOR CERTIFICATE EXAMINATIONS ECONOMICS P1 2017 MARKING GUIDELINES MARKS: 150 These marking guidelines consist of 16 pages. Economics/P1 2 DBE/2017 SECTION A (COMPULSORY) QUESTION 1 1.1 MULTIPLE-CHOICE
More informationUNIT IX: GOVERNMENT BUDGET AND THE ECONOMY GOVERNMENT BUDGET A FLOW CHART
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY KEY CONCEPTS: Meaning of the Budget Objectives of the Budget Components of the Budget Budget Receipts Budget Expenditure Balanced, Surplus and Deficit Budgets
More informationECON 1102: MACROECONOMICS 1 Chapter 1: Measuring Macroeconomic Performance, Output and Prices
ECON 1102: MACROECONOMICS 1 Chapter 1: Measuring Macroeconomic Performance, Output and Prices 1.1 Measuring Macroeconomic Performance 1. Rising Living Standards Economic growth is the tendency for output
More informationFiscal Policy of Bangladesh. Jamshed uz Zaman
Fiscal Policy of Bangladesh Jamshed uz Zaman When budget is declared Opposition Parties claim: Budget against the poor; Government Parties claim: Welfare oriented budget. Some declares hartal. How to understand
More informationCentum Scoring Test. Question Paper 4. Economics. Lesson No. 10,11,12. Class XII std Marks : 90 PART A. Choses the correct answer 20x1=20
Centum Scoring Test Question Paper 4 Economics Lesson No. 10,11,12 Class XII std Marks : 90 PART A Note : (i) Each question Carries one mark (ii) Answer all questions Choses the correct answer 20x1=20
More informationA-level Economics 7136/3
SPECIMEN MATERIAL SECOND SET A-level Economics 7136/3 Paper 3 Economic principles and issues Specimen 2015 Morning 2 hours Materials For this paper you must have: the source booklet a calculator. Instructions
More informationMacroeconomics 2301 Potential questions and study guide for Exam 2
Macroeconomics 2301 Potential questions and study guide for Exam 2 Any 6 of these questions could be on your exam! 1. GDP is a key concept in Macroeconomics. a. What is the definition of GDP? b. List and
More informationHIGHER SCHOOL CERTIFICATE EXAMINATION ECONOMICS 2/3 UNIT (COMMON) Time allowed Three hours (Plus 5 minutes reading time)
HIGHER SCHOOL CERTIFICATE EXAMINATION 2000 ECONOMICS 2/3 UNIT (COMMON) Time allowed Three hours (Plus 5 minutes reading time) DIRECTIONS TO CANDIDATES Board-approved calculators may be used. You may ask
More information1 Introduction to Public Sector Economics 1
Tables xiii Figures xv Preface xvii Abbreviations xix 1 Introduction to Public Sector Economics 1 Introduction 1 Pareto Optimality 2 Sources of Market Failure 5 Constraints on Public Policy 10 Fiscal Instruments
More informationTHE TAXATION SYSTEM IN ZAMBIA
A report for the Jesuit Centre for Theological Reflection THE TAXATION SYSTEM IN ZAMBIA Executive Summary Final Report January 2011 This study was prepared by Messrs Alfred Mwila, David Manley, Patrick
More informationCOMMISSION OPINION. of on the Draft Budgetary Plan of BELGIUM
EUROPEAN COMMISSION Brussels, 28.11.2014 C(2014) 8800 final COMMISSION OPINION of 28.11.2014 on the Draft Budgetary Plan of BELGIUM EN EN COMMISSION OPINION of 28.11.2014 on the Draft Budgetary Plan of
More informationIndian Taxation System for Banking & SSC - GK Notes in PDF
Indian Taxation System for Banking & SSC - GK Notes in PDF Appearing for Government Exams? If yes then you must be aware that the General Knowledge Section is an integral part of all the govt. exams. If
More informationSECTION A: (MICRO-ECONOMICS) NB: Answer only three (3) questions in this section. Production possibilities curve Opportunity cost (5 marks)
SECTION A: (MICRO-ECONOMICS) NB: Answer only three (3) questions in this section QUESTION 1 (a) Define the following terms: (i) (ii) Production possibilities curve Opportunity cost (5 marks) (b) Assume
More informationMACROECONOMICS. Ankur Jain Chief Knowledge Expert, T.I.M.E.
MACROECONOMICS Ankur Jain Chief Knowledge Expert, T.I.M.E. www.time4education.com THE 3 SECTORS OF THE ECONOMY Primary agriculture, forestry, fishery, animal husbandry Secondary mineral, power, mining,
More informationPublic Expenditure. Attainment of maximum social advantage requires that:
Public Expenditure Causes of Increase in Public Expenditure 1. Increase in backward area and population 2. Growth of state functions 3. Higher price-level and rising cost of public services 4. Increase
More informationEdexcel Economics AS-level
Edexcel Economics AS-level Unit 2: Macroeconomic Performance and Policy Topic 3: Aggregate Demand (AD) 3.1 Aggregate Demand (AD) Notes Aggregate demand is the total demand in the economy. It measures spending
More informationIM Syllabus ( ): Economics IM SYLLABUS ( ) ECONOMICS IM 08 SYLLABUS
IM SYLLABUS (2011-2014) ECONOMICS IM 08 SYLLABUS 1 Economics IM 08 Syllabus (Available in September) Paper I: Written exam (3 hrs) Aim As a general guideline, the emphasis in the teaching and examination
More informationBUDGET ITS COMPONENTS AND DEFICIT
BUDGET ITS COMPONENTS AND DEFICIT Government budget Government budget is an annual statement, showing item wise estimates of receipts and expenditure during fiscal year i.e. financial year. The receipts
More informationPublic Debt Classification of Public Debt (a) Internal and External: (b) Productive and Unproductive: (c) Short-term and Long-term:
Public Debt Public debt refers to borrowing by a government from within the country or from abroad, from private individuals or association of individuals or from banking and NBFIs. Classification of Public
More informationLecture 7. Fiscal Policy
Lecture 7 Fiscal Policy The role of government spending and taxes Fiscal policy: government spending and tax policy AD = C + II + G What if G changes? What is the effect on Y? How large is (government)
More informationFiscal Incidence Analysis. B. Essama-Nssah World Bank Poverty Reduction Group Washinton D.C. June 03, 2008
Fiscal Incidence Analysis B. Essama-Nssah World Bank Poverty Reduction Group Washinton D.C. June 03, 2008 Introduction Key questions Who benefits from public spending? Who bears the burden of taxation?
More informationMeasurement. Chapter 2. Topics in Macroeconomics 2. Economics Division University of Southampton. February 8, 2008
Measurement Chapter 2 Topics in Macroeconomics 2 Economics Division University of Southampton February 8, 2008 Chapter 2 1/42 Topics in Macroeconomics Gross Domestic Product Introduction Gross Domestic
More informationEconomics 2006 HIGHER SCHOOL CERTIFICATE EXAMINATION. Total marks 100. Section I Pages 2 8
2006 HIGHER SCHOOL CERTIFICATE EXAMINATION Economics Total marks 100 Section I Pages 2 8 General Instructions Reading time 5 minutes Working time 3 hours Write using black or blue pen Board-approved calculators
More informationMeasurement. Chapter 2. Topics in Macroeconomics 2. Economics Division University of Southampton. February 2009
Measurement Chapter 2 Topics in Macroeconomics 2 Economics Division University of Southampton February 2009 Chapter 2 1/45 Topics in Macroeconomics Gross Domestic Product Introduction Gross Domestic Product
More informationEconomics Higher School Certificate Art of Smart Mock Examination. Total marks 100. Section I Pages marks Attempt Questions 1 20
2017 Higher School Certificate Art of Smart Mock Examination Economics Total marks 100 General Instructions Reading time 5 minutes Working time 3 hours Write using black pen Board approved calculators
More informationECONOMICS. ATAR course examination Marking Key
ECONOMICS ATAR course examination 08 Marking Key Marking keys are an explicit statement about what the examining panel expect of candidates when they respond to particular examination items. They help
More informationPUBLIC FINANCE MODULE 1 BUDGET
PUBLIC FINANCE MODULE 1 BUDGET 22/01/2017 According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated
More informationChapter 2 Monetary and Fiscal Policies
Chapter 2 Monetary and Fiscal Policies Monetary and Fiscal Policies 20 CHAPTER-2 MONETARY AND FISCAL POLICIES 2.1 INTRODUCTION The economy does not always work smoothly. There often occur fluctuations
More informationLevel (10 6 euros) rate of change. rate of change
Table 1a. Macroeconomic prospects 2011 2011 2012 2013 2014 2015 Level (10 6 euros) 1. Real GDP 1 B1*g 169890,3-1,6-3,0 0,6 2,0 2,4 2,8 2. Nominal GDP B1*g 171015,9-1,0-2,1 2,1 3,3 4,0 4,3 Components of
More informationMALAYSIA. Developing a high-income economy summary of the Tenth Malaysia Plan. GDP growth rates (percentage changes) GDP per capita
MALAYSIA Medium-term economic outlook (forecast) percentage change) 5.3 9.1-4.4 Medium-term plan 211-15 Theme Basic data (in 21) Charting development towards a high-income nation GDP growth rates (percentage
More informationFiscal policy. Macroeconomics 5th lecture
Fiscal policy Macroeconomics 5th lecture Reminder Transactions by the government Firms Commodity market transfer payments taxes Government transfer payments taxes Households Financial markets 2 Fiscal
More informationModel Question Paper Economics - II (MSF1A4)
Model Question Paper Economics - II (MSF1A4) Answer all 74 questions. Marks are indicated against each question. 1. Which of the following is true if the central bank of a country sells government securities
More informationAS Economics: ECON2 Economics: The National Economy 2009/10
2 weeks 1 st Sep - 11 th Sep Term 1 Introduction to the objectives and instruments of government This is an introduction to 3.2.3, 3.2.1 macroeconomic policy the Unit and most of the content Candidates
More informationCOMMUNICATION FROM THE COMMISSION. Assessment of action taken by Cyprus
EUROPEAN COMMISSION Brussels, 6.9.2013 COM(2013) 626 final COMMUNICATION FROM THE COMMISSION Assessment of action taken by Cyprus in response to the Council Recommendation of 16 May 2013 with a view to
More informationECO102. Macroeconomics Lecture 5
ECO102 Macroeconomics Lecture 5 ECO201 Macroeconomics Chapter 24: The Government and Fiscal Policy ECO102 Macroeconomics The Government and Fiscal Policy Government in the Economy!! Government Purchases
More informationEconomic and Fiscal Assessment Update
Economic and Fiscal Assessment Update Standing Committee on Finance (FINA) 15 February 11 Kevin Page Parliamentary Budget Officer billions of chained () dollars 1,395 Real and Potential GDP 1,395 1,37
More informationChapter 5. and the Economy
Chapter 5 In a mixed economy, apart from the private sector, there is the government which plays a very important role. In this chapter, we shall not deal with the myriad ways in which it influences economic
More informationG.C.E. (A.L.) Support Seminar- 2016
G.C.E. (A.L.) Support Seminar- 2016 Economics I Two hours Instructions : Answer all the questions. In each of the questions 1 to 50, pick one of the alternatives from (1), (2), (3), (4) and (5), which
More information4.2 Fiscal Policy.notebook May 02, Fiscal Policy
4.2 Fiscal Policy How do we achieve our three economic objectives? Economic Growth Full Employment Steady inflation With Monetary and Fiscal Policy! Review of the Business Cycle A cycle goes through a
More informationIrish Employment Trends, Competitiveness or Structural Shifts?
Irish Employment Trends, Competitiveness or Structural Shifts? NERI (Nevin Economic Research Institute) Dublin & Belfast Dr. Tom McDonnell Tom.mcdonnell@nerinstitute.net Key Economic Trends, (2007-2013)
More informationChapter 5 Governmen and the Economy
Chapter 5 Governmen Governmentt Budget In a mixed economy, apart from the private sector, there is the government which plays a very important role. In this chapter, we shall not deal with the myriad ways
More informationNa#onal Income Mr Traynor
Na#onal Income Mr Traynor Economics Pack 4 Exam Prep 6 th Year, Ailesbury Rd 1) Short Ques+ons Study the table below and calculate (i) and (ii), showing all your workings. (i) Year National Income Consumption
More informationSTUDENTSFOCUS.COM BA ECONOMIC ANALYSIS FOR BUSINESS
STUDENTSFOCUS.COM DEPARTMENT OF MANAGEMENT STUDIES BA 7103 -ECONOMIC ANALYSIS FOR BUSINESS Meaning of economics. UNIT 1 Economics deals with a wide range of human activities to satisfy human wants. It
More informationCountry Report of Yemen for the regional MDG project
Country Report of Yemen for the regional MDG project 1- Introduction - Population is about 21 Million. - Per Capita GDP is $ 861 for 2006. - The country is ranked 151 on the HDI index. - Population growth
More informationMACROECONOMICS NATIONAL INCOME
MACROECONOMICS Q. 1. Define intermediate goods. NATIONAL INCOME Q.2. Q.3. Q.4. State the meaning of consumption of fixed capital? State the meaning of injection in income flow, with the help of an example.
More informationEconomic and Fiscal Projections for Medium to Long Term Analysis
Provisional Translation Economic and Fiscal Projections for Medium to Long Term Analysis July 18, 2017 Cabinet Office, Japan Projections are conducted by the Cabinet Office s "Economic and Fiscal Model,"
More informationAnnex tables Nyt kapitel
Nyt kapitel Table B.1 Demand, income and production 2016 2017 2018 2016 2017 2018 2016 2017 2018 DKK bn. Volume, per cent Prices, per cent Private consumption 979 1,011 1,048 1.9 2.0 2.0 0.5 1.3 1.6 Public
More informationMonday 22 May 2017 Morning Time allowed: 1 hour 30 minutes
Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature AS ECONOMICS Paper 2 The National Economy in a Global Context Monday 22 May 2017 Morning Time
More informationMacroeconomics. for AS Level. 2nd Edition. Andrew Threadgould
Macroeconomics for AS Level 2nd Edition Andrew Threadgould Contents Contents Chapter 1 The Macroeconomy................................................... 1 Chapter 2 Economic Growth.....................................................
More informationPART-I MICRO ECONOMICS Note:- Q1 to Q7 carry the weightage of 1 marks each and from Q8 to Q20 carry the weightage of 3/4 marks each Ques1. In an underdeveloped economy why there is the need of efficient
More informationCOMMISSION STAFF WORKING DOCUMENT. Analysis of the Draft Budgetary Plan of Lithuania. Accompanying the document COMMISSION OPINION
EUROPEAN COMMISSION Brussels, 21.11.2018 SWD(2018) 520 final COMMISSION STAFF WORKING DOCUMENT Analysis of the Draft Budgetary Plan of Lithuania Accompanying the document COMMISSION OPINION on the Draft
More informationUnit 4, Activity 1, Domestic Policy Vocabulary
Unit 4, Activity 1, Domestic Policy Vocabulary Word + - Example Definition domestic policy revenue expenditures taxation benefits received principle ability to pay principle progressive tax proportional
More informationMarking Scheme Economics (030) Cass XII ( ) SECTION A : MICROECONOMICS 1 b) Government should be concerned with how to reduce unemployment 1
Marking Scheme Economics (00) Cass XII (2017-18) SECTION A : MICROECONOMICS 1 b) Government should be concerned with how to reduce unemployment 1 2 Marginal Physical Product is the change in output produced
More informationPUBLIC FINANCE. Samir K Mahajan, M.Sc. Ph.D
PUBLIC FINANCE Samir K Mahajan, M.Sc. Ph.D SOME BASIC CONCEPTS Public Finance: Public Finance is a subject that is concerned with the income and expenditure of public authorities. Government Budget: A
More informationPublic expenditure is the expenditure incurred by public authorities-central,
1.1 Introduction Public expenditure is the expenditure incurred by public authorities-central, state and local governments either for the satisfaction of collective needs of the citizens or for promotion
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR II SEMESTER II END SEMESTER EXAMINATION APRIL 2015
All Rights Reserved No. of Pages - 09 No of Questions - 08 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR II SEMESTER II END SEMESTER EXAMINATION APRIL
More informationRetrospect and Prospects. Secretary Ministry of Planning and Development Government of Pakistan
1 st ADB-Asia Pacific Think Tank Forum Beijing, 30-31 October, 2013 Inclusive Growth in Asia: Pakistan s s Experience Retrospect and Prospects Secretary Ministry of Planning and Development Government
More informationNational Minimum Wage in South Africa: Quantification of Impact
National Minimum Wage in South Africa: Quantification of Impact Asghar Adelzadeh, Ph.D. Director and Chief Economic Modeller Applied Development Research Solutions (ADRS) (asghar@adrs-global.com) Cynthia
More informationINDIAN SCHOOL MUSCAT FIRST ASSESSMENT 2018 VALUE POINTS-ECONOMICS CLASS XII SECTION A
INDIAN SCHOOL MUSCAT FIRST ASSESSMENT 208 VALUE POINTS-ECONOMICS CLASS XII SECTION A What shape will Production Possibility Curve take when Marginal Rate of Transformation values decrease? Ans: PPC becomes
More informationECONOMICS EXAMINATION OBJECTIVES
ECONOMICS EXAMINATION OBJECTIVES The following objectives of the examination are to test whether the candidates have acquired a basic understanding of economics with special emphasis on Hong Kong conditions
More informationCOMMISSION STAFF WORKING DOCUMENT. Analysis of the 2016 Draft Budgetary Plan of GERMANY. Accompanying the document COMMISSION OPINION
EUROPEAN COMMISSION Brussels, 16.11.2015 SWD(2015) 601 final COMMISSION STAFF WORKING DOCUMENT Analysis of the 2016 Draft Budgetary Plan of GERMANY Accompanying the document COMMISSION OPINION on the Draft
More informationChapter - Chapter 02
Chapter - 02 Planning in India The need for planned, coordinated economic development under government guidance was recognized all along the freedom movement. In the 1930s, as the freedom struggle intensified,
More informationImpact of International Economic Policies on National Level Business
MPRA Munich Personal RePEc Archive Impact of International Economic Policies on National Level Business Lubna Ahsan and Burhan Qazi and Shahabuddin Hashmi Hamdard University, Karachi, Pakistan, Signature
More informationR17 Gross domestic product (GDP)
R17 Gross domestic product (GDP) Gross domestic product (GDP) is the total market value of the final goods and services produced in a country within a certain time period. Include: Purchases of newly produced
More informationECO 209Y MACROECONOMIC THEORY LECTURE 1: INTRODUCTION AND POLICY. Gustavo Indart. Slide 1
ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 1: INTRODUCTION Slide 1 BRANCHES OF ECONOMICS Microeconomics is concerned with the study of the choice problem faced by the economic agents: households
More informationOCR Economics AS-level
OCR Economics AS-level Macroeconomics Topic 1: Economic Policy Objectives and Indicators of Macroeconomic Performance 1.1 Economic growth Notes Economic growth is defined as the expansion of the productive
More informationPrivate consumption 1,007 1,041 1, Residential investment
Table B.1 Demand, income and production 2017 2018 2019 2017 2018 2019 2017 2018 2019 Volume, per cent Prices, per cent Private consumption 1,007 1,041 1,081 1.5 2.3 2.2 1.3 1.0 1.6 Public consumption 1)
More informationFEEDBACK TUTORIAL LETTER ASSIGNMENT 2 INTERMEDIATE MACRO ECONOMICS IMA612S
FEEDBACK TUTORIAL LETTER 2 nd SEMESTER 2017 ASSIGNMENT 2 INTERMEDIATE MACRO ECONOMICS 1 ASSIGNMENT 2 SECTION A [20 marks] QUESTION 1 [20 marks, 2 marks each] For each of the following questions, select
More informationGDP can be measured in mainly two ways. 1. Income Approach. 2. Expenditure Approach. Expenditure Approach:
Gross Domestic Product is the total market value of all goods and services produced in the country in a particular year. It is equal to total consumer, investment and government spending, plus the value
More informationIrish Economic Environment. Contact Details. Office Hours: by appointment KB3-46
Irish Economic Environment Dr. Stephen Kinsella & Ms. Claire Hurst Department of Economics University of Limerick http://stephenkinsella.net Contact Details Office Hours: by appointment KB3-46 stephen.kinsella@ul.ie/
More informationECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 2: NATIONAL INCOME ACCOUNTING
ECO 209Y MACROECONOMIC THEORY AND POLICY LECTURE 2: NATIONAL INCOME ACCOUNTING Gustavo Indart Slide1 GROSS DOMESTIC PRODUCT Gross Domestic Product (GDP) is the value of all final goods and services produced
More informationThe Influence of Monetary and Fiscal Policy on Aggregate Demand. Lecture
The Influence of Monetary and Fiscal Policy on Aggregate Demand Lecture 10 28.4.2015 Previous Lecture Short Run Economic Fluctuations Short Run vs. Long Run The classical dichotomy and monetary neutrality
More informationEXECUTIVE SUMMARY: KEY MESSAGES OF THE REPORT
EXECUTIVE SUMMARY: KEY MESSAGES OF THE REPORT Timor-Leste has made substantial progress in the years following its independence in 2002 and particularly since the 2006 crisis. The 2011 Timor-Leste National
More informationAustria. Austria Total OECD Austria (Maastricht)
2. FISCAL CONSOLIDATION: OECD COUNTRY PROFILES: AUSTRIA 79 Austria 1. Economic situation After the sharp contraction by 3.6% of real GDP in 29 during the world-wide recession, the Austrian economy a small
More informationEXPENDITURE APPROACH: The expenditures on all final goods and services made by all sectors of the economy are added to calculate GDP. Expenditures are
Chapter 1 MEASURING GDP AND PRICE LEVEL MEASURING EONOMIC ACTIVITY Macroeconomics studies the aggregate (or total) concept of economic activity. Its focus is on the aggregate output, the aggregate income,
More informationAP Macroeconomics Syllabus Course Outline Required text: Economics: Principles, Problems, and Policies McConnel and Brue 15 th edition
AP Macroeconomics Mrs. Cook 1 st Period Room 210 AP Macroeconomics Syllabus Course Outline Required text: Economics: Principles, Problems, and Policies McConnel and Brue 15 th edition Unit One: Basic Economic
More informationTotal No. of Questions : 7] [Total No. of Printed Pages : 2 [3885]-101
Total No. of Questions : 7] [Total No. of Printed Pages : 2 [3885]-101 P. G. D. F. S. (Semester - I) Examination - 2010 FINANCIAL AND COST ACCOUNTING (2008 Pattern) Time : 3 Hours] [Max. Marks : 70 (1)
More informationOCR Economics A-level
OCR Economics A-level Macroeconomics Topic 2: Aggregate Demand and Aggregate Supply 2.2 Aggregate demand (AD) Notes Aggregate demand is the total demand in the economy. It measures spending on goods and
More informationStability, Cohesion and Growth
Stability, Cohesion and Growth April 23, 2012 Swedish Minister for Finance Anders Borg Agenda Sweden has weathered the current crisis relatively well Lessons from the crisis in the early 1990s Further
More informationThe estimated general government finances are reduced by DKK 4¾bn in 2007 and DKK 4bn in 2008 compared to the May projections.
5. English Summary Capacity utilization in the Danish economy is still high, and economic growth has dampened slightly, cf. Economic Survey, August 2007. The level of employment has reached a new record,
More informationWJEC (Eduqas) Economics A-level
WJEC (Eduqas) Economics A-level Macroeconomics Topic 2: Macroeconomic Objectives 2.2 Economic growth Notes Economic growth is defined as the expansion of the productive potential of the economy. It can
More informationEconomic Impacts of a Universal Pension in Bangladesh
Issue No No 1 1 PATHWAYS PERSPECTIVES on social policy in international development Issue No 17 Economic Impacts of a Universal Pension in Bangladesh Bazlul H Khondker Do social protection schemes generate
More informationSTUDY UNITS COVERED : STUDY UNITS 1-2. DUE DATE : 3:00 p.m. 20 AUGUST 2013
Page 1 of 8 ASSIGNMENT 2 ND SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1-2 DUE DATE : 3:00 p.m. 20 AUGUST 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR
More informationTOPPER S INSTITUTE [ECONOMICS] RTP 29 TOPPER S INSTITUE CA INTER ECONOMIC OF FINANCE - RTP
TOPPER S INSTITUTE [ECONOMICS] RTP 29 TOPPER S INSTITUE CA INTER ECONOMIC OF FINANCE - RTP Q.1 Define National Income. Draw the basis of distinction between GDP at current and constant prices. You are
More informationThe Impact of Indian Taxation system on its Economic Growth
The Impact of Indian Taxation system on its Economic Growth C.A. (Dr.) Pramod Kumar Pandey Associate Professor National Institute of Financial Management (An Autonomous Institution of Ministry of Finance,
More informationAS Economics. Fiscal Policy. tutor2u Supporting Teachers: Inspiring Students. Economics Revision Focus: 2004
Supporting Teachers: Inspiring Students Economics Revision Focus: 2004 AS Economics tutor2u (www.tutor2u.net) is the leading free online resource for Economics, Business Studies, ICT and Politics. Don
More informationWhat is National Income? National income measures the total value of goods and services produced within the economy over a period of time.
National Income What is National Income? National income measures the total value of goods and services produced within the economy over a period of time. Why is national income important? Measuring the
More informationOCR Economics AS-level
OCR Economics AS-level Macroeconomics Topic 4: The Global Context 4.1 International trade Notes International trade This is the exchange of goods and services across international borders. The distinction
More informationDistance Learning Programme. IAS Prelims INDIAN ECONOMY
Distance Learning Programme IAS Prelims INDIAN ECONOMY CONTENTS 1. Introduction to Economics 5-11 2. Concepts of National Income 12-20 3. Human Development 21-30 4. Poverty, Unemployment & Inequality 31-49
More informationGross Domestic Product. How Is The GDP Calculated? Net investment equals gross investment minus depreciation.
Chapter 23: Measuring GDP, Inflation and Economic Growth Gross Domestic Product applegross Domestic Product (GDP) is the value of aggregate or total production of goods and services in a country during
More informationAzita Berar. Director, Employment Policy Department International Labour Organization
Azita Berar Director, Employment Policy Department International Labour Organization Inclusive job rich growth policies to sustain MDG1(B) Context: The MDG Summit assessment The post crisis recovery and
More informationJean Monnet Chair. Small Area Methods for Monitoring of Poverty and Living conditions in EU (SAMPL-EU)
Jean Monnet Chair Small Area Methods for Monitoring of Poverty and Living conditions in EU (SAMPL-EU) II.1. Income, Consumption and Poverty in the European Statistical System Luigi Biggeri Outline 1. Some
More information