Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
~$VJ DJ$~:
--- Quote from: aangel42 on June 10, 2010, 06:55:35 pm ---but why isn't it increased government revenue?????? they get money right???
i feel like crying
--- End quote ---
The government doesn't count as an external benefit. It would be a private benefit for the government. But I do get what you inferrred; increase in govt revenue could cause the government to spend more on public and merit goods, thereby increasing external benefits. But, that's too indirect and there's a better option available :P
External Costs are costs made due to POLLUTION.
Hope you see this before you leave to school lol
J.Darren:
Back from Econ P1, A* defo :D
~$VJ DJ$~:
--- Quote from: J.Darren on June 11, 2010, 08:32:25 am ---Back from Econ P1, A* defo :D
--- End quote ---
:D Same
elemis:
Please carry out all discussions in the 2010 May/June Exam Discussion thread.
https://studentforums.biz/index.php/topic,7273.0.html
AshWINNER:
??? I have a question. 2 measure living standards sometimes Real GDP is used.
There was an MCQ in sum paper i dunno which. The answer was that amount of working hours is not included in Real Gdp and that reduces its effectiveness. How is working hours related to living standards? I mean you can have a nice living standards at your workplace too cant you? Another option was that it omits cost of living. I chose that BECAUSE Real GDP measures changes in the cost of living but not the cost of living itself.
Whats the logic?
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