Measures of national income and output

Ibn Khaldun (1332 M-1382 M) His full name is Waliuddin Abdurrahman bin Muhammad bin Muhammad bin Abi Bakr Muhammad ibn al-Hasan, who was then known as Ibn Khaldun. He was born in Tunisia on 1 Ramadan 732 AH / May 27, 1332 M. He died in 1382 at the age of 50 years old. He is well known as a historian and father of sociology who memorized the Koran Islam since childhood. As a Muslim politician, he is also known as the father of Islamic Economics, for his thoughts about the logic of economic theory…

According the statistic from Wikipedia, “the federal government set $7.25 an hour of the minimum wage in the United States. There were 29 states raising their minimum wage higher than the federal minimum on January 1, 2015. In addition, from 2014 to 2015, nine states increased their minimum wage levels, because 11 other states increased the minimum wages by legislative or ballot” (Wikipedia, July 2009). For many years, the argument of increasing wages has continued. When the minimum wages…

Many Africans lay the blame on OAU. Political conflicts in Africa have become bloody and nastier. These political conflicts come from communities, and then it expands to the national level, then to the regional level. Many civil wars have turned into inter-state conflicts (Wallace, 2009). Civil wars are a clear indication that OAU failed to achieve one of its critical roles, that of bringing unity and solidarity to African States…

2) Biocapacity is the ability of the natural ecosystem to renew what people demand from it. Human demands include agricultural output as well as the ability for the ecosystem to absorb the waste that is generated by humans. Ecological Footprint on the other hand is how much area of biologically productive land and water is required per individual to produce all of the resources it consumes and to absorb the waste it generates. The biocapacity of a region is likely to change over time for many…

when it grows faster than inflation. Purchasing power will decline if inflation is growing faster than inflation. The formula for Real Wage is (Old Wage*New CPI)/Old CPI. Recently the Consumer Price Index has gone down to 249.46 from 249.62. CPI measures the cost of living. As it declines the real wage will increase. If CPI increases the real wage rate will be lowered. With a decrease in unemployment, you would expect an increase in employment. Employment declined slightly as of April 2018, the…

Labor Market Discrimination: Labor market discrimination means treating two individuals with equal qualifications (like abilities, education, training, and experience) differently for reasons unrelated to their productivity and are accorded inferior treatment with respect to hiring, occupational access, promotion, wage rate, or working conditions. There are many types of labor market discrimination. Wage discrimination is about being paid less for doing the same type of work (frequently women…

determine which procedures are necessary, appropriate, equivocal, or inappropriate in various situations. Enhance patient safety. Medical errors cause needless complications, injuries, readmissions, and deaths. They also increase providers' liability. Measures to enhance patient safety and improve quality must be tailored to specific patients and settings. Strengthen primary care. Strengthening primary care could help reorient our health care system from episodic treatment to keeping patients…

option to various measures of state of the power of the corporates, but the agreements are normally harmfully connected to the might of the labor unions(Doesn’t make sense (English) ). The researcher also did not find the effect of the political partnership on the defense spending (Missing sentence?). An investigator used the statistics from the year 1963 to 1994 to examine the benefits of the defense expenditure on a(a or the) growth of the per capital (Capital or Capita) income (Hooker 1996).…

Introduction The informal economy interestingly can be known as the black economy, shadow economy, informal sector or gray economy due to its diverse activities and driven motives . Scholars argue that the informal economy is hard to measure because of the difficulty in defining the activities. Layman’s term the informal economy is the set of activities purposely done to escape from government reach or regulations, and this includes criminal activities. Ukranian Ministry of Economy, define…

When an individual dedicates their time and money to study a formal qualification, they invest in their long-term income in hopes that they will earn more than without a degree or diploma. On the other hand, some individuals may not value that time away from working and would rather earn wages short-term. Their skills, qualifications and characteristics would determine where they stand within the neoclassical theory. The neoclassical view is that remuneration is understood through the…