Analyze and propose solution to the economic problem using the principles of applied economics. Poverty - despite the talk about economic growth, the poverty rates have not changed significantly sibce 2006. As per the National Statistical Coordination Board (NSCB), poverty incidence of the population improved from 26.3% to 25.2% in 2012.
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- What does poverty look like in Ethiopia country? Correlates the cost of medical care with annual income in Ethiopia such as Infectious and chronic disease incidence, Health care provisions/options, and Prioritization of health care by the government Appropriate to include crime levels and environmental factors affecting health in Ethiopia suh as Earthquakes, hurricanes…. Interpret the impact of war, natural disasters, and/or bioterrorism on country's health status.What does poverty look like in Ethiopia country? Correlates the cost of medical care with annual income. Infectious and chronic disease incidence Health care provisions/options, Prioritization of health care by the government Appropriate to include crime levels and environmental factors affecting health. Earthquakes, hurricanes…. Interpret the impact of war, natural disasters, and/or bioterrorism on country's health status.G11: The official data on poverty released in India is estimated on the basis of consumption expenditure data collected by (a) Office of Economic Advisor (b) Labour Bureau (c) National Sample Survey Organisation (NSSO) (d) Central Statistical Office (CSO)
- Women’s empowerment movement eyes 40% of government spending accreditation …Last year the South African government affirmed its support for women-owned businesses as part of its commitment to ensuring that gender equality in Africa’s most advanced economy was achieved. President Cyril Ramaphosa said then: “We are going to drive women’s economic inclusion through public procurement. We have set the target of ensuring that 40% of goods and services procured by public entities are procured from women-owned business.” a) Market participation. b) Government spending. c) Commercialisation. d) Nationalisation.Which statements are TRUE? 1. Personal income is the income that is eventually spent or saved by the earner. 2. The tax levied on goods and services which is finally borne by the end-consumer is known as indirect tax. 3. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of population. 4. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics. 5. Up to this time, poverty is experienced more by women rather than men at the national and international level.TRUE OR FALSE. Write True, if the statement is true and write False, if the statement is false. 1. Economic stability characterized by having more income is what defines development per se. 2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication. 3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met. 4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables. 5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 6. Subsistence economy is often referred to as “hand-to-mouth” existence. 7. Developing countries are also referred as less developed countries. 8. Traditionally, economic development is measured by quantitative measures of income and income distribution. 9. What a country has for its resources determines to a great…
- Official data may overstate the extent of poverty because a. it overstates the taxes paid by the poor. b. it overestimates the amount the poor earn in the “underground economy.” c. it does not add “in-kind” transfers to the incomes of the poor. d. poverty is a relative concept as opposed to an absolute concept.Match the terms with the related concept by placing the term next to the correct definition. _____________ refers to a condition where someone cannot afford the basic neccesities of life. _____________ refers to disparity between high income and low income workers _____________ indicates the percentage of people that cannot afford the basic neccesities of life _____________ refers to a situation where a region lacks the resources to have self sustaining economic growth. _____________ represents the income level needed for a basic standard of living. Welfare A poverty trap Scarcity Inequality An income trap The poverty line Poverty Income distribution The poverty rateWomen’s empowerment movement eyes 40% of government spending accreditation …Last year the South African government affirmed its support for women-owned businesses as part of its commitment to ensuring that gender equality in Africa’s most advanced economy was achieved. President Cyril Ramaphosa said then: “We are going to drive women’s economic inclusion through public procurement. We have set the target of ensuring that 40% of goods and services procured by public entities are procured from women-owned business.” The above decision by the South African government is an example of… a) Market participation. b) Government spending. c) Commercialisation. d) Nationalisation
- How do federal agencies typically value lives saved by health, safety, and environmental regulations? A. Agencies consider medical expenses, pain and suffering, lost wages, and funeral and burial expenses B. Agencies ask individuals how much they would pay to avoid dying and average the results for the population C. Agencies use labor-market data to determine how much individuals are willing to pay to avoid (or, willing to accept to face) small fatality risks and use this information to generate a value of statistical life D. (A), (B), and (C) E. (B) and (C)“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.” Which economic perspective does the quotation above best represent? conservative positive analysis radical liberal libertarian Question 2 _____ is an assumption used in economics in which other relevant factors or variables are held constant. Ceteris paribus Scarcity rule Montani semper liberi Variable costs Marginal revenue maximizationDue to a stagnant income for 23 years, the number of Mexicans who cannot buy the basic basket has been practically the same since 1992. According to data from the National Council for the Evaluation of Social Development Policy (Coneval), in 2014, the 53.2 percent of the population had income below the welfare line, and a monthly per capita income of 3,115 pesos. In 1992, when poverty began to be measured in Mexico, it was 53.1 percent of the population, with an average income of 3,322 pesos. The basic product consumption basket is a necessary element to calculate inflation through the (INPC / GDP deflator / interest rate) _______________________________