Group items tagged

This article compares the incomes of different households in the US showing the increase percentage in wealthier incomes and the decreased percentage of more poor incomes based on the wealthier income increase. This shows money, which is scare, being unequally distributed throughout a nation.

This article talks about how shoppers change their spending habits during the recession in America. 83% of survey respondents say that price is a major factors. They have taken different steps in cutting back on elastic goods like: Switching grocery stores, buying less clothes or not branded clothes. However, shoppers did not cut back on certain goods like meat and seafood, milk, coffee, and alcohol. That is because they are necessary inelastic goods. So even with a lower Income elasticity, people still have to buy inelastic goods.

This article discusses the increase of consumer spending, even though incomes have remained the same. Consumer spending is the largest source of economic activity, and an increase in spending leads to stronger businesses, which leads to more jobs and better wages. This allows the Federal Reserve to scale back on the Economic Stimulus, which offset diminished consumer spending with public spending.

This article describes a relationship between a slight drop in disposable income and a correlating drop in consumer spending in the high streets of Northern Ireland. Even though the economic state of Northern Ireland is steadily improving, consumers did not see a noticeable increase in real wages, so it is not reflected in consumer spending.

This article describes the findings of Lanre Kassim of the University of Kent, who has found out that the trade liberalisation of economies in sub-Saharan African countries has not been able to affect the YED of imports and exports, meaning that trade liberalisation has not significantly changed the rate of change of income in these countries. However, Kassim states that PED of exports and imports has increased, and thus a significant change in demand can be recognised, however little the change in total income may remain.

2012: Compared to the rest of the country, Assam India had ranked third in the rate of progression within the Human Development Index. Specifically, Assam has the highest progress rate within the Income Index section and the third highest progress rate within the Health Index section.

This article discusses the growth of the Chinese economy over the past 3 decades. It also briefly notes China's current problems, such as income inequality, the weak financial system, and environmental damages.

This article discusses the effects of passing a proposal to raise the minimum wage to $10.10 an hour. On one hand it could reduce total employment by 500,000 workers by the second half of 2016, but on the other it could drag 900,000 families out of poverty and increase the annual incomes of 16.5 million minimum wage workers. Moreover, by increasing minimum wage, for the industries that this affects, total output would decrease, as the factors of production would cost more.

The mayor of Chicago, USA, Rahm Emanuel, wants to place a specific tax on cigarette packs, 75c per unit more than before. Though he sais he is doing it in the city's best interest: to have more city funds available for low-income children with vision problems, and other projects that require funding.

This article talks about the demand of housing and the problems of estimating income elasticity of demand

LOS ANGELES (AP) - A New Jersey energy company required by an unusual legal settlement to build an extensive network of electric car chargers throughout California has delivered just 10 percent of what it promised in the first year. By fortifying the state's still-spotty charging infrastructure, the settlement between NRG Energy Inc.

A few weeks ago the Nicholls Worth ran this article about Jindal's plan to change the structure of taxation in Louisiana, moving away from income taxes and toward sales taxes. More recently, more details of the governor's tax proposals have been released, as we see in this article from the Baton Rouge Advocate.I believe it is very interesting.

Due to disposable incomes, people can afford to buy new and more cars. The car industries are stockpiling because car sales have increased and are predicted to further increase the coming years. Companies profits and revenues have risen. They can therefore supply more cars.

This article is about transfer payments in the US which is also part of the fiscal policy. The article talks about how 18% of personal income is in the form of transfer payments. They say this is a high figure mostly due to the recession and transfer payments were used as a method to stablise the economy.

The article talks about how America's current account defecit has shrinked. This is due to a rising surplus in investment income and growth. Imports have decreased as American manufacturers have regained market share at home, also America has reduced offshore manufacturing in China due to the lower dollar and rising costs of foreign labour.

This article explains how any American who bought imports was contributing to the trade deficit. It then goes on to discuss how the decline of imports has lead to a decline in the trade deficit.

The Ugandan parliament is pushing export-led growth by pressuring export industry organizations to increase productivity. This is to decrease Ugandan deficit, so the income would be spent on debt service and not economic development.

This article discusses different metrics, including GDP, as a measure of human development. It also criticizes studies that measure "happiness" as a form of statistical analysis of development. It states that happiness tended to vary widely even within the same income group, and so it is relatively unhelpful for forming conclusions.