ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[elemis]

Total Population/Working Population

My geography textbook says otherwise.

[J.Darren]

My geography textbook says otherwise.

Not according to the endorsed economics textbook

Well there are two types of dependency ratio, the one that I have illustrated is called the inverse dependency ratio, it enables economists to determine how many people that a worker has to support in a country ...

[destructor]

I doubt RE: unemployment benefits, in order to stimulate economic growth, the government should reduce the dole (unemployment benefits) as in turn the opportunity cost of not working, i.e. the wage forgone, would appear to be a more tempting option ...

dude darren..
unemployment benefits are not given to keep ppl unemployed
they are given to help them cope with unemployment until they find a job...
and its mostly done in times of demand deficient or cyclical unemployment.....
and by reducing unemployment benefits... poverty will rise and as a result the overall Aggregate demand will drop as ppl will have lesser to spend...
also by reducing unemployment benefits... ppl will find it hard to find jobs especially in urban areas

[Choc.Kits]

dude darren..
unemployment benefits are not given to keep ppl unemployed
they are given to help them cope with unemployment until they find a job...
and its mostly done in times of demand deficient or cyclical unemployment.....
and by reducing unemployment benefits... poverty will rise and as a result the overall Aggregate demand will drop as ppl will have lesser to spend...
also by reducing unemployment benefits... ppl will find it hard to find jobs especially in urban areas

But still, high unemployment benefits stop people from working because they tend to enjoy the free benefits they gain. Decreasing them would save tax payers money which in turn could be used for things like hospitals and road, as well as force the unemployed to find employment.

[elemis]

But still, high unemployment benefits stop people from working because they tend to enjoy the free benefits they gain. Decreasing them would save tax payers money which in turn could be used for things like hospitals and road, as well as force the unemployed to find employment.

Then again, reduced benefits may lead to external costs such as social problems; homlessness, crime, muggings etc.

[J.Darren]

Then again, reduced benefits may lead to external costs such as social problems; homlessness, crime, muggings etc.

From another angle we can argue that people who are in work would despise those dole-bludgers as they are sponsoring their livelihood with taxpayer's money, this may also result in civil unrest.

[destructor]

From another angle we can argue that people who are in work would despise those dole-bludgers as they are sponsoring their livelihood with taxpayer's money, this may also result in civil unrest.

Exactly there are many perspectives toward this dilemma
but choc.kits
unemployment benefits By the way for ur info are not permanent.....and these benefits motivate ppl to get out and find jobs...
and darren
the issue u speak of is very very minor...
cuz no one knows what happens to the money until the govt's budget is produced and the proportion spent on transfer payments is specified...
i dont think ppl who are working..have the time to go argue against the govt do they?
plus the money is being given for a good purpose..
this unrest could occur only if the govt increases the tax rate..and even then this is very unlikely

[elemis]

I like this discussion.

I hope you understand that there is NO right answer. In paper 4 as long as you give  a balanced discussion you get the marks. 

[Choc.Kits]

Hey, whats the Cost benefit analysis?

[J.Darren]

Hey, whats the Cost benefit analysis?

An analysis performed by the government to evaluate the possible externalities (social cost and social benefit) of a certain act.

[Freaked12]

Economic growth leads to a rise in GDP per capital because more employement takes place as more output is being produced,this leads to a rise in aggreagate income and thus GDP per capita rises.More income will lead to a higher disposable income which could be spent on other goods and services thus resulting in employment in other sectors of the economy.However if there is a rise in nominal GDP which means the value of output has only risen because of increase in value of money due to inflation then economic growth has not occured as the output has remained same as the last year.

Am i correct in this analysis of economic growth

[J.Darren]

Economic growth leads to a rise in GDP per capital because more employement takes place as more output is being produced,this leads to a rise in aggreagate income and thus GDP per capita rises.More income will lead to a higher disposable income which could be spent on other goods and services thus resulting in employment in other sectors of the economy.However if there is a rise in nominal GDP which means the value of output has only risen because of increase in value of money due to inflation then economic growth has not occured as the output has remained same as the last year.

Am i correct in this analysis of economic growth

You may also wish to mention depletion of resources. Also the fact that government expenditure and revenue has increased either through this or as a result of this ... The level of investment has increased, so as the level of consumer spending. Inevitably, the general price level would also increase due to a demand-pull inflation.

[Freaked12]

You may also wish to mention depletion of resources. Also the fact that government expenditure and revenue has increased either through this or as a result of this ... The level of investment has increased, so as the level of consumer spending. Inevitably, the general price level would also increase due to a demand-pull inflation.

why should i go for a multiplier effect if its generally for four marks
If i would go for that then the description of ecnomic growth will take whole page.
i will talk about
Economic growth can be either positive or negative. Negative growth can be referred to by saying that the economy is shrinking. Negative growth is associated with economic recession and economic depression.

In order to compare per capita income across multiple countries, the statistics may be quoted in a single currency, based on either prevailing exchange rates or purchasing power parity. To compensate for changes in the value of money (inflation or deflation) the GDP or GNP is usually given in "real" or inflation adjusted, terms rather than the actual money figure compiled in a given year, which is called the nominal or current figure.

Government revenue will also increase due to more tax revenue and Government spending could also increase as a result.This may result in cost push inflation as more capital goods will have to imported which could be shown via a demand and supply diagram where demand curve shifts to the right increasing price.
If supply outstrips demand then there will be demand pull inflation which will curtail spending and thus economic growth could also result in economic recession unless Government takes control by increasing taxes

[J.Darren]

why should i go for a multiplier effect if its generally for four marks
If i would go for that then the description of ecnomic growth will take whole page.
i will talk about
Economic growth can be either positive or negative. Negative growth can be referred to by saying that the economy is shrinking. Negative growth is associated with economic recession and economic depression.

In order to compare per capita income across multiple countries, the statistics may be quoted in a single currency, based on either prevailing exchange rates or purchasing power parity. To compensate for changes in the value of money (inflation or deflation) the GDP or GNP is usually given in "real" or inflation adjusted, terms rather than the actual money figure compiled in a given year, which is called the nominal or current figure.

Government revenue will also increase due to more tax revenue and Government spending could also increase as a result.This may result in cost push inflation as more capital goods will have to imported which could be shown via a demand and supply diagram where demand curve shifts to the right increasing price.
If supply outstrips demand then there will be demand pull inflation which will curtail spending and thus economic growth could also result in economic recession unless Government takes control by increasing taxes

Cost-push inflation is when a producer transfers the increase in the production cost to the consumers, resulting in higher marked prices ... Nominal GDP is for the purpose of identifying whether real growth has taken place in an economy.

[elemis]

In the pastpapers I keep seeing stuff regarding the elasticity of the labour supply.

Could someone please explain this concept along with the usual factors that affect this elasticity ?

+rep for the first person who does the BEST job