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
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

Metals and Melting Practices - Charging,Coke,Flux,Hearth Charging : An operation in which raw materials are added up to a furnace. Coke : An impure form of carbon that is

The fragmentation and redundancies of the U.S federal system are expensive in terms of coordination and personnel costs. Would you favor or oppose greater consolidation? Why or why

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

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

Explain the stages and various coordination mechanism nvolved in policy processes

3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol

what is the difference between budget deficit and fiscal deficit

what are the costs and consequences of providing the subsidies and welfare?

(b) Assess the application of Kaldor’s compensation principle in resolving Pareto non-comparability and explain how the principle differs from the Hick''s compensation principle