|
|
WEIGHT LOSING: An activity in which the transportation cost of the inputs is greater than the transportation cost of the output. Using the term weight to mean transportation cost, an activity is said to lose weight if the cost of getting the inputs to the factory is greater than the cost of moving the output to the market. A weight-losing activity has a greater attraction to, and tends to locate near, the source for the inputs.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 10: Gross Domestic Product | Unit 4: Measuring Income
|
Page: 22 of 25
|
In this unit, you should have learned something about:- The three income measures, national income (NI), personal income (PI) and disposable income (DI).
- Alternative ways of calculating national income--the sum of factor payments (NI = W + I + R + P + PI), adjusting GDP (NI = GDP - CCA - IBT + NFFI), and adjusting NDP (NI = NDP - IBT + NFFI).
- Income earned but not received (IEBNR), including Social Security taxes, corporate profit taxes, and undistributed corporate profits.4. Income received but not earned (IRBNE), including Social Security benefits, welfare payments, and unemployment compensation.
- Deriving personal income from national income (PI = NI - IEBNR + IRBNE).
|
|
|
|
|
|
|
IMPACT LAG The time lag that occurs between the implementation of a government policy designed to correct an economic problem and the complete impact of the policy. The impact lag is based on the multiplier process and can last up to a year or two or even longer. This "outside lag" is one of four policy lags associated with monetary and fiscal policy. The other three "inside lags" are recognition lag, decision lag, and implementation lag. All four policy lags can reduce the effectiveness of business-cycle stabilization policies and can even destabilize the economy.
Complete Entry | Visit the WEB*pedia |
|
|
BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time driving to a factory outlet seeking to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
Your Complete Scope
This isn't me! What am I?
|
|
|
During the American Revolution, the price of corn rose 10,000 percent, the price of wheat 14,000 percent, the price of flour 15,000 percent, and the price of beef 33,000 percent.
|
|
|
"Old age isn't so bad when you consider the alternative. " -- Cato, Roman orator
|
|
RPI
Retail Price Index
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
