higher carbon options more expensive.
Contents contributed and discussions participated by Shoko Kuroda
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BBC News - Energy committee attacks UK carbon price - 0 views
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reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
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However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
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This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession.
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Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views
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A graph indicating the consequences of decrease in consumer confidence and how it shifts AD to the left can be shown through a graph. Increase in demand for a higher price of unemployment benefits can be drawn on a graph illustrating the impact on GDP. A brief explanation of consumer confidence and the basic components of GDP should be mentioned and explained.
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Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views
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The unemployment rate rose to 8.2 percent in May from 8.1 in April, though largely because more people began looking for work.
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Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate.
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The report on American jobs added to the global pall that has deepened with Europe’s debt crisis and slowing growth in China and India.
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This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods.
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Yields on United States and German government bonds also slumped as investors bid up the bonds’ prices looking for safety.
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The underlying pace of the domestic economy is a slog, driven by manufacturing and restrained by slackening global demand.
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The May jobs report showed gains in health care, transportation and warehousing, and wholesale trade, while construction jobs fell by a seasonally adjusted 28,000. Even some bright spots, like booming auto sales, failed to meet expectations or to bolster manufacturing employment by much — only 12,000 jobs.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views
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reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP.
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Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP.
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Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
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series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
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where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
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Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
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Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 0 views
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It was the first deceleration in a year, but it was not nearly as severe as other setbacks in the last couple of years.
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the private sector is continuing to heal from the financial crisis,” said Alan Krueger, chairman of the president’s Council of Economic Advisers.
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Economists initially predicted a much weaker showing in the latest quarter, partly because of a large accumulation of inventories in the fall and winter that needed to be worked off. But in the last few weeks, expectations rose on strong jobs reports and rising consumer confidence.
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in construction related to mining, oil and gas, while manufacturers actually increased their spending on factories and office buildings.
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another significant slowdown, saying that last year’s hiccup was the result of a series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Japanese earthquake.
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Stagnation in Europe and a slowing of China’s breakneck expansion have weakened global demand even as corporate profits have continued to outpace expectations.
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BBC News - Factory output in Japan weaker than expected in April - 4 views
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As Japan continues to recover from a devastating earthquake and tsunami last year, the ministry said industrial production continued to improve.
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Industries that contributed to the slight rise in output included transport, chemicals and electrical machinery.
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This quotation indicates the global impact of the Chinese economy. Because a large proportion of Japanese goods' is exported to China, a decrease in demand means that there would be less output. This can be related to the US GDP article, stating that a decrease in demand would make it difficult to produce the good to be either exported or imported and have affect on GDP growth.
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