Explain Three Uses of National Income Statistics - 807 Words

Economics Prep 3 Complete Paper 1 Essay Question: Q1 A and B page 169 A) Explain three uses of national income statistics B) Evaluate the use of GDP figures as a means of comparing countries. A) National income (total net value of all goods and services produced within a nation over a specified period of time) statistics have many different uses. It is for example used as a comparison scale between countries. This is a useful information, if for example a country needs help, but the resources of the helping countries are relatively scarce (limited), the country with the lowest national income would be more likely to get the most help from the other countries to get their economy going, built up an infrastructure or to get out of†¦show more content†¦Nicolas Heinzinger Economics Prep 3 B) In my opinion the use of GDP for comparing different countries is not a good thing. And I am going to show why in three points. First of all, people are more likely to live or to work in a country with a higher GDP. Therefore all the people who are living in a country with a small GDP, are going to leave the country, that means the local economy will slow down. That means the GDP will be even smaller and even more people are leaving the country, because they see better opportunities in a country with bigger GDP, for example Turkey-Germany. But this influences also the country where the people are going. The foreigners are more likely to work for lower wages, so they are more likely to be employed. Therefore the local people will loose their job, which will increase the unemployment rate, but the economy is rising, so is inflation. That means the people are losing money by inflation, but not earing anything. Therefore the people will be very unhappy and are unpleased with the foreigners. My Second point is that there is always a kind of the fight, who has a bigger GDP. But these conflicts are done by the governments, who have nearly nothing to do with the GDP. The workers are the people who are working for the GDP, but most of them don’tShow MoreRelatedHow Gross Domestic Product ( Gdp ) Is Calculated1444 Words   |  6 Pagesdiscuss how good a measure GDP is of a country’s economic wellbeing. Gross Domestic Product (GDP) can be calculated in three ways, Income, expenditure and output methods. Mankiw and Taylor(2014) says that in the UK The Office of National Statistics produces a single measure of GDP to do this, three approaches are used (Income, Expenditure and Production) the equal amount of all three of these approaches are then balanced out to create an overall final figure. The expenditure approach is the most commonlyRead Moreeconomics and the legal environment1724 Words   |  7 Pagesdisease. Is this a population or a sample; explain your answer. 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Analytical Procedures †a Powerful Tool for Auditors by...

Learning Zone Analytical Procedures – A Powerful Tool for Auditors (Relevant to Paper 8 – Principles of Auditing and Management Information Systems) David Chow FCCA, FCPA, CPA (Practising) Audit tests Auditors normally carry out the following types of audit tests to determine whether financial statements are fairly stated: (i) procedures to obtain an understanding of internal control (ii) tests of controls (iii) substantive tests: †¢ substantive tests of transactions; †¢ analytical procedures; and †¢ tests of details of balances. assessment of risks of material misstatement at the assertion level includes an expectation that controls are operating effectively. This means that auditors perform tests of controls only†¦show more content†¦The expected results are estimated based on preliminary discussions with the clients. After having performed their analytical procedures, the auditors then compare the actual results with those expected and look for reasons for any significant variations. Unexplained variations may indicate a misstatement in Analytical procedures Audit procedures (iv) confirmation (vii) analytical procedures. They document the findings and conclusions from the audit procedures performed so as to provide: (i) a sufficient and appropriate record of the basis for the auditors’ report; and (ii) evidence that the audit was performed in accordance with Hong Kong Standards on Auditing and applicable legal and regulatory requirements. April 2009 T/Dialogue Learning Zone the figures in that area, which would lead the auditors to plan their audit work to devote more time and resources to those areas. When the application of analytical procedures does not identify any unusual or unexpected differences, the results provide evidence in support of management’s assertions. Timing and purpose of analytical procedures Analytical procedures may be performed at any of all three stages in the audit process: the planning phase, the testing phase and theShow MoreRelatedContemporary Issues in Management Accounting211377 Words   |  846 PagesBritish audit profession to account with his questioning of ‘who shall audit the auditors?’ The subsequent institutional response has most likely gained as much from the likes of Professors Harold Edey, Bryan Carsberg, Ken Peasnell, Geoffrey Whittington, and  ´ David Tweedie as it has from the eminence grise of the profession itself. And even in auditing, significant roles have been play ed by Professors Peter Bird, David Flint, and Peter Moizer amongst others. Indeed it is possible to argue that theRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesof Accomplishing Our Goals† 204 S A L An Ethical Choice Motivated to Behave Unethically 209 glOBalization! Autonomy Needs Around the Globe 210 Self-Assessment Library What Are My Course Performance Goals? 214 Point/Counterpoint Fear Is a Powerful Motivator 229 Questions for Review 230 Experiential Exercise Goal-Setting Task 230 Ethical Dilemma The Big Easy? 230 Case Incident 1 It’s Not Fair! 231 Case Incident 2 Bullying Bosses 231 8 Motivation: From Concepts to Applications 239 Read MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesusers, I hope the book will meet your full expectations and be an effective instructional tool. Although case books abound, you and your students may find this somewhat unique and very readable, a book that can help transform dry and rather remote concepts into practical reality, and lead to lively class discussions, and even debates. In the gentle environment of the classroom, students can hone their analytical skills and also their persuasive skills—not selling products but selling their ideas—and

Research Social or Economic Development

Question: Discuss about the ResearchforSocial or Economic Development. Answer: Research Background: The students of any educational institution- school college or University are the assets of that institution and the social or economic development of any nation is directly connected with the academic accomplishment of the students of that particular country. This is the reason as to why the academic achievement of the students of any country plays an integral role in shaping the future of the country. While initially most of the research studies have focused on the methods of evaluating the academic performance of the students, very little or no information can be found about the factors the affect the extent to which a student accomplishes in the academic sphere. A variety of internal as well as external factors have been found to influence the academic performance of a student. Among the internal factors, the genes and the personality traits of a student will considerably influence the academic performance of a student. Recent research topics have suggested that the genetic makeup of a child can affect up to 80% of the academic accomplishment of a child. His cognitive capability, his learning and memorizing skills, as well as his intake capacity would be determined by the heretical components. Again, at the same time, the environment in which a student is born into can also influence his academic growth in a positive or negative way[1]. The health condition of a student is also an important internal factor here. In case a child is physically disabled or is born with severe learning disabilities, he might not be able to complete his education with excellent grade. For example, a child born to illiterate parents is likely to not get sufficient parental guidance at home, as opposed to a student born to educated parents, who will always be motivated to learn new things in school and college. Besides, a variety of external factors also play a crucial role in determining the academic accomplishment of a child. for example, the geographical location of the house of a student. In case a student lives in a remote corner of a city, he will find it impossible to gain access to the educational resources on a regular basis, and with low attendance and inadequate study materials, he is less likely to excel in his academic matters. Again, the financial condition of the students family is also known to exercise a remarkable impact on the academic accomplishment of the student[2]. In case he students family has a poor standard of living, he might not be able to buy the necessary books, or go to a good school, or eve resort to additional course materials necessarily for brushing up his academic skills[3]. The teachers act as the main gu iding force, inspiring and motivating the students to accomplish academically, and hence the nature of the teachers, their teaching strategies or their qualification will also determine the extent to which a student accomplishes in his academic life. Hence, as stated above, a variety of factors affect the educational performance of a student. The academic accomplishment of a student refers to the outcome of educating a student. It is futile to educate a student, if his educational accomplishment and capability for the same is not measured and evaluated. It is pointless to expect that a student coming from a remote area, not attending the college every day, excel in his studies as much as his friends. Hence, it is important to access and analyze the factors affecting the academic performance of a student, and this will help in taking effective measures so as to improve the individual performance of each student. Research Problem Statement: The difference in the academic performance between two or more students cannot be merely explained by the willingness or reluctance of the students concerned. A variety of heretic as well the socio-economic factors play an important life in influencing the academic performance of a student. Hence, the research topic that the research study intends to explore is to determine a variety of factors, both internal as well as external, that play an important role in affecting the academic accomplishment of a student. Different educational institutions intend to improve the academic performance of their students, and hence intend to adopt a variety of strategies that can enable its teachers offer high quality education to its students. However, when a student cannot perform well, the teacher is often blamed, and yet a thorough investigation of the case reveals that other factors, such as disability of the student or his financial condition were to be held responsible for the same. Hence, it is important to develop a comprehensive understanding of the possible factors that can potentially affect the academic performance of a student, so that the management authority of an educational institution can implement the necessary measures. For example, in case a student lives in a remote area and that is found to affect his performance, he can be provided with e-resource facilities[4]. The research study will thus help in reviewing the literary articles to gain an insight into the possible factors that can determine the academic performance of a student. Further, it also intends to examine if both internal and external factors play a strong role or not, and whether these factors can be controlled, to facilitate the future prospects of the students. Research Questions: The research questions that the research study intends to explore are as follows: Does the academic performance of a student get determined by factors other than the students willingness to study? Do the factors like the students family members or his genetic make-up play an important role in determining the extent to which he accomplishes in the academic life? Can the diversity in the student profile in the very same class lead to varying levels of academic performance, given their academic learning capability is the same? Is it possible to control the abovementioned factors, and can it help in improving the academic performance of the students? Research Objectives: Every research study is conducted with the help of a group of objectives, which help in providing a sense of meaning and determination to the research study. Hence, the research must have a set of pre-determined objectives which needs to be taken into consideration, while investigating the research problem. The objectives of the following research are as follows: To develop an understanding of a variety of factors that can influence the academic performance of the students in an educational institution. To determine the extent to which external or internal factors can affect the academic performance of a student. To investigate exactly which factors are most likely to influence the academic accomplishment of a student and why To examine if the diversity in the student profile in the very same class lead to varying levels of academic performance, given their academic learning capability is the same To investigate the extent to which it is important for teachers and educationist to take these factors into consideration. To determine if an educational institution needs to examine and investigate the factors affecting the academic accomplishment of a child first, before getting him admitted in the institution. To critically reflect if there are any preventive measure that can help in eliminating these factors, and how can the same benefit the growth of the student and lead to the organizational success of the institution. Conclusion: To conclude, it should be remembered that it is the responsibility of the management authority of any educational institution to ensure that its students achieve quality education. In case the same is not happening, a thorough investigation into the personal profile of the student can help the teachers in the implementation of effective teaching methods. Reference List: Ali, S, Z Haider, F Munir, H Khan, A Ahmed, "Factors Contributing to the Students Academic Performance: A Case Study of Islamia University Sub-Campus". inScience and Education Publishing, 1, 2017, 20. Barhanu, G, "Factors affecting students quality of academic performance: a case of secondary school level". inJournal of Quality and Technology Managemen, 7, 2017, 14. Lacey, A,The Research Process. in , 1st ed., , 2013, pp. 18,20. Mushtaq, I, S Khan, "Factors Affecting Students Academic Performance". inGlobal Journal of Management and Business Research, 12, 2017, 12-15.