Uses of revised indicators of national wealth, Public Economics

Uses of Revised Indicators of National Wealth

Not only this, the revised indicators of national wealth can also be used,

(i)  To compare  the standard  of living  over  time,

(ii) To  compare  the standard  of living across countries,

(iii) As an indicator of necessary consumption, and

(iv)  As a benefit-cost decision rule (i.e. to know whether or not a project having impact on environment should be undertaken).

There are other uses of these accounts for policy like the measurement of physical resource scarcity, valuation of depletion, measuring the incidence and burden of existing regulations and taxes, estimating emission taxes and providing environmental components of existing macro-policy models.

 

Posted Date: 12/18/2012 2:54:27 AM | Location : United States







Related Discussions:- Uses of revised indicators of national wealth, Assignment Help, Ask Question on Uses of revised indicators of national wealth, Get Answer, Expert's Help, Uses of revised indicators of national wealth Discussions

Write discussion on Uses of revised indicators of national wealth
Your posts are moderated
Related Questions
critically examine that privatization can always decentralize economic power

eiplain why indifference curve are convex to the origin

Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio

QUESTION a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games? b) What do you understand by an optimal level of poll

Ask quedoes privatisation decentralise economic power stion #Minimum 100 words accepted#

examine the efficiency of quantitative credit control instruments.

(1) The federal government is considering selling tracts of federally owned land to private developers and using the revenues to provide aid to victims of an earthquake in a foreig

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

sensors see details and seek detail and precision intuitions see generalities

Question 1: i) Describe the concept of circular flow of income. ii) Comment on the view that ‘GDP is the best measure to evaluate economic growth and standard of living'. iii)