Group items tagged

the article talks about a change in the income tax paid by the highest bracket of the English economy; this means that all the money earned above £130,000 will have to pay 50p per pound (50%) rather than 40p per pound. Economists predict that the income change will not have any effect on the earnings as the income elasticity of the bracket of economy is 0.46.

In this article it talks about the poor economy in Indonesia and the little income some of its citizens have. Due to so little income some people cannot buy proper food for their families resulting in malnutrition. This is a huge problem for the economy as it cannot get back on its feet if people do not spend money, but if there is no money to spend then what can one do?

This article tells us that because the prices of foods as increased, there is poverty and malnutrition is countries like Indonesia. Two different types of surveys was taken in Indonesia before 1996 and immediately after the economics crisis in 1999. The result was that some food nutrients like iron and calcium was more than usual during the crisis years and and food nutrient like Vit C was almost nothing.

These article talks about how people spend less of their income for charity. This could be income elasticity, since people would spend their income or something they would find more necessary (such as food for their families or just buy necessary things for their own good). Therefore, there is no more demand for charities and people do not offer their money to charities anymore.