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
When Neff says that "the very essence of public relations is grounded in communication" (2010 p.373) she goes on to point to two features of communication that should aid us in ana

Q. Political Trans-national Activity? The dynamics resulting from the institutional interdependencies are of major importance for an understanding of the process of political t

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

privatization can always decentralise economic power. critically discuss

The monetarist and fiscal controversy is still on. The recent history of the U.S. looks like a success story of the monetarists; but besides pure luck, it involved strong element o

The most significant area or tool for making a suggestion to a journalist or media is the press release, which is more available these days. One has to put, a press release is a ps

Question: (i) There are certain benchmarks for measuring the success of infomercials" what are those benchmarks in relation to the value of a product or service? (ii) It i

what is public debt. ? give complate information on public debt. ?

how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?

Introduce uncertainties in attainments of policy outcomes, winning of elections, optimistic and pessimistic expectations of agents and relate it to various adjustments and converge