Archive for the ‘Section 3 – Macroeconomics’ Category
Direct and Indirect Taxes
Posted by: 11cresma on: August 30, 2010
2. With the use of examples explain the difference between direct and indirect taxes. (200-300) There are two different ways government can collect taxes from people: with direct and indirect taxes. Direct taxes depend on income; it is a fraction of income directly taken from the income someone receives. For example, if the tax rate [...]
Progressive and Regressive taxes
Posted by: 11cresma on: August 30, 2010
With the use of examples, explain the difference between a progressive tax and a regressive tax. (200-300 words) Proportional is a straight line, because proportional means that the fraction of income paid as taxes same the same, so the line in is a 45° angle. However, some people agree that richer people should pay more, [...]
Tax reforms: Soak the Very, Very Rich
Posted by: 11cresma on: August 24, 2010
Irfani posted this article “Soak the Very, Very Rich” on Diigo that I thought was really interesting in the sense that it shows the different concepts of taxes. It talks about the tax cuts that Bush implanted when he was the President of the United States and that are expiring at the end of 2010. [...]
Eruption of the Eyjafjallajokull Volcano: an economic threat to all Europe
Posted by: 11cresma on: April 18, 2010
Since March the 20th, the Eyjafjallajokull Volcano in Iceland has been erupting, but it has gotten much worse since last week, creating a cloud of ash that it spreading all over Europe, and it does not seem to get better. It actually seems to get worse and worse. This is a real problem for the [...]
The best economy
Posted by: 11cresma on: April 13, 2010
For this presentation we had to come up in groups with three criteria that would decide of the best economy, and compare countries according to these criteria. My group chose to compare Korea, France and the USA according to health care, education, and employment. The USA won at the end. During these presentations, I learned [...]
Japanese crisis
Posted by: 11cresma on: March 29, 2010
The five major problems that Japan is facing during this crisis are: -Japan’s “lost decade” after 1992 turned into two lost decades -universities lack rudimentary technical equipment; and entrepreneurial conversation is absent -productivity growth fell steadily in the 1980s and Japanese companies lost ground to the low-wage economies of South Korea and Vietnam -Central and [...]
OECD – France
Posted by: 11cresma on: March 29, 2010
Real GDP for the last decade 2000: 1327.96 billion $ 2001: 1339.76 billion $ 2002: 1457.33 billion $ 2003: 1800.02 billion $ 2004: 2601.32 billion $ 2005: 2146.58 billion $ 2006: 2267.55 billion $ 2007: 2589.84 billion $ 2008: 2853.06 billion $ Real GDP per Capita for the last decade 2000: 23.3K $ 2001: 24.4K [...]
