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An Argument Against Using GDP in Measuring Economic Performance
GDP vs. GPI Gross Domestic Product and Genuine Progress Indicator are two ways in which we measure our progress as a country. The Gross Domestic Product or GDP is the monetary value of all the goods and services produced within our country over a preset time, usually a year. The Genuine Progress Indicator or GPI also mea...
The Influence, Rhetorical Strategies and Effectiveness of "Ounces of Prevention-The Public Policy Case for Taxes on Sugared Beverages", an Article Written by Kelly D. Brownell and Thomas R. Frieden
In the article, “Ounces of Prevention-The Public Policy Case for Taxes on Sugared Beverages” written by authors, Kelly D. Brownell and Thomas R. Frieden, discuss on how sugared beverages should be taxed. The authors argue that an excise tax should be imposed in order to decrease the rate of obesity and obesity related condi...
The Role and Importance of Roads
Importance of roads Roads play a very important role in the economy of a country. Roads are different from alleys, streets or even avenues and they join towns and villages. The word ‘road’ is not of a misnomer to anyone but when we think of roads, a long surface of grey hard surface comes to our mind. The importance of roa...
A Debate Regarding the Ownership of Water and the Negative Effects of the Privatization of Water
Water has been the source of many debates among water users regarding the ownership of water. The world’s water is insufficient for the earth’s population; therefore, there are countries without access to clean water. According to Wenonah Hauter, Executive Director Food & Water Watch, “With 1.2 billion people in developing...
A Report on Barro and Romer's Analysis of the Entry Fee Pricing Used by Amusement Parks and Ski Resorts
Introduction Amusement parks and ski resorts typically charge a one-time entry fee to use as many rides or ski-lifts as people can in a day. They do not charge a fee for every individual ride that a person takes. Barro and Romer analyze why amusement parks and ski resorts use this type of entry fee pricing. In this paper...
An Analysis of a Agg-New News Article on RSTA's and MPA's Concerns over Road Maintenance
“Aggregate Supply Concern for Road Maintenance” RSTA shares MPA concerns over diminution of available aggregates reserves across the U.K. -Anonymous, Agg-Net News Summary: The Annual Mineral Planning Survey is currently failing to maintain a steady and adequate supply of resources to complete many public works projects...
An Analysis of the Bureau's of Economic Analysis GDP Release from 2014
1.In their latest GDP news release, the Bureau of Economic Analysis provided a second estimate for the third financial quarter of 2014. Real GDP (also known as chained-dollar GDP) from the previous quarter to this one increased by 3.9 percent to 16,164.1 billion dollars . The base year used for real GDP was 2009. Nominal...
The Flaws of IRS Income Tax Data as a Tool for Measuring Income Inequality and Poverty
The use of IRS income tax data for measuring income inequality or poverty is fundamentally flawed as IRS income tax data is designed to assist in collecting revenue and not for compiling demographic data. Tax data mostly disregards the role of age and cost of living differences and needs to be corrected for these factors i...
An Examination of the Scholarly Views of Consumer Behavior on Green Products and Lifestyle Development
Abstract This paper addresses the scholarly views of consumer behavior regarding green products and lifestyle development. The market for almost any major type of product now has a green option that is typically more expensive than non-green options, and highlights specific skewed information. Through many examples of gr...
An Analysis of the True Meaning of Christmas
The True Meaning of Christmas Bags. Boxes. Wrapping paper. Ribbons. Lines. Sales. Deals. Traffic. Stress. Anger. Yup, it’s Christmas time again. What started as a Christian holiday to celebrate the birth of Jesus Christ, has developed into a more-secular celebration, observed across religions boundaries. As the holiday has...