Readers Question: Why is US in Recession? According to the latest statistics provided by the Economist April 24th 2008 US economic growth is 2.4% year on year. In the last quarter, growth is 0.6%. This is still a long way off the technical definition of a recession – negative economic growth for two consecutive quarters. …
Readers Question: “the only viable solution to the problem of global warming is an international agreement that sets a ceiling to the world’s production of carbon emissions, by allocating a quota to each country. The sum of the quotas being set equal to the agreed global maximum. countries should then be permitted to buy and …
Readers Question. Explain the benefits of increasing the rate of unemployment benefit for 1. the unemployed, 2. society. Identify and costs that may result from such a policy. Benefits of increasing unemployment benefits Provides more income, reducing relative poverty and improving living standards. Gives them support in finding the best job. If benefits are low, …
Readers Question: Can you please differentiate between the causes of once-off inflation and sustained inflation? A temporary period of inflation, also called one-off inflation, may be caused by: Temporary inflation in 2008 and 2011. Rising in tax rates. Suppose the chancellor announces a 10% rise in fuel duty. This means prices will rise. But, next …
I took out a student loan 13 years ago in 1995. I remember taking out the maximum possible loan, which in those days was about £3,800 over 3 years. Being an economist, I didn’t spend any of the loan but put it in a bank account and benefit from receiving a higher interest rate than …
Readers Question: explain why two sectors of the UK economy are growing faster than other sectors ? According to the Office of National Statistics for March 2008 Retail Sales Volume Seasonally Adjusted (2000=100) increased to 140.3 an annual growth rate of 4.7% Manufacturing grew at only 0.9% Services grew at 3.2% latest statistics at ONS …
Readers Question:. (i) On 1 March, AUD1 = GBP 0.42. On 1 July, AUD1 = GBP 0.45. Your company exports native flowers to British florists. You signed a contract on March 1 to sell 10 tonnes of flowers at AUD 385 per tonne, to be delivered on July 1. Explain how the exchange rate movement …
Readers Question: Buying a new property in Montengro 215,000 Euros’s paid 30% at exchange 1.47 to pound August 2007 20% due in 2-3 months. 43 ,000 euros today exchange is bad news approx 1.23 to pound further 30% due around Nov -Dec 2008 20% on completion around April 2009 1.What are your predictions for the …