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In this assignment, you have given a task to discuss how would Singapore able to achieve a strong and sustainable economic growth in next fifty years. Although the economy challenges today in Singapore are vastly different from the 1960s, the priority remained the same: catering for economic growth and a good quality of life, and making the best use of our limited resources. This assignment aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you. Search through newspapers or magazines for ONE or MORE articles that is/are relevant to the economic concepts discussed in class. One copy of chosen article has to be attached to your final report. The chosen article should preferably be published in the last twelve months. Please refer to the attached files for more descriptions.
The following table provides the prices and quantities of apples, oranges, and bananas in years 2000 and 2014 consumed by an average household in a hypothetical economy.
Provide the cyclical nature of government tax revenues and spending, how would the resulting budget deficit or surplus vary over the business cycle.
1. why does inflation make nominal gdp a poor measure of the increase in total production?2. which component of gdp
a. the publics preference is to hold their money as half cash half demand deposit. reserve requirement is 25. determine
Visit the Bureau of Labor Statistics website, and click on "Employment Situation Summary" to get the most up to date summary of unemployment in the United States.
Suppose that the exchange rate between the Polish Zloty and the U.S. dollar is currently 4 Zls to the dollar. The one year forward rate for the Zloty is 4.5 Zls to the dollar. If U.S. inflation is 3% what is the approximate Polish inflation rate if r..
If the nominal GDP is $559 billion in the base year, and it rises to 577 in Year 1, and 605 in Year 2, what is the real GDP in each year, given that the price index has risen from 100 to 104.5 in the first year and up to 108.3 in the second year?
Should the Federal Reserve be independent or dependent of the government in your opinion?
Is there an externality? If so, describe it, including references to whether it is positive or negative, and whether it is a consumption or production externality. If there is an externality, does it seem likely that private markets will arise tha..
Assume that there are many countries capable of producing two goods, and that each country has only one factor of production, labor.
Due to the current slump in investment spending, Omar has been laid off from his programming job. His employer promises to rehire him when business picks up. What type of unemployment is Omar facing?
Explain the expected impact of the 2014-15 budget outcome on the level of economic activity in Australia
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