Fundamentals of Macroeconomics paper Research Example | Topics and Well Written Essays - 500 words

Fundamentals of Macroeconomics - Research Paper Example Real domestic product however defines the value of a country’s total production in goods and services at constant base prices of the commodities. Such a basis may be each commodity’s price in a given year (Mankiw, 2011). Purchasing of groceries reduces amount of money among the purchasing households and increases amount of money held by businesses. It also increases government revenues through tax on the groceries. It however has no economic value on households and business because it involves exchange of similar values. The government however derives economic gain in the taxes (Mankiw, 2011). The layoff reduces households’ revenues because of its unemployment effect on members of households. It also adversely affects businesses through reduced revenues because of households’ lower spending power. Layoffs also affect the government through lost revenues in income tax. The government’s revenue is further reduced because lower purchasing power into reduced demand results in low revenues from value added tax (Mankiw, 2011). Decrease in tax has the effect of increasing households’ money reserves from both direct and indirect taxes. A decrease in direct tax results in higher income and a decrease in indirect taxes leads to lower commodity prices that allows for more savings by households. The effects of reduced tax on households also mean their increased purchasing power that suggests an increase in sales and revenues among businesses. The government however losses revenues that it would however earn at higher taxes (Mankiw, 2011). Purchasing groceries has no net economic flow between households and businesses because it is a mere exchange of equivalent values between the two parties. Money, however, flows from both businesses and households to the government in taxes (Mankiw, 2011). Lowering taxes identifies a virtual transfer of

Luma pros and cons Essay Example | Topics and Well Written Essays - 500 words

Luma pros and cons - Essay Example She does both soccer coaching and individual counseling for diverse emotional issues they faced. That Luma is a Clarkston â€Å"outsider† may be true from the geographical or political considerations. But she succeeds in transcending the barrier of nationality, the stamp of immigrant on her personality, through the processes in which she moulds the personality of her players. The â€Å"outsider† factor had no impact between her status as coach and her team. Addressing to the boys whose attention on the game of soccer is diverted on account an air-plane show Warren St. John writes about her utterances, â€Å"YOU GUYS NEED to wake up!† a voice interrupted as the jets streaked in to distance. â€Å"Concentrate!† The voice belongs to Luma Mufleh, the thirty-one-year-old founder and volunteer coach of the Fugees.†(2) This indicates her amazing work ethic and vision. â€Å"Outsider† question may be burning topic for political discussions, but Luma has shown through the building process of her soccer team, how to strike the balance in the diverse perspectives related to immigration, local and global politics, identity and intergenerational issues, creativity, biculturalism and community building. Luma has demonstrated that the complex story of Clarkston and the struggle of Fugees soccer team is the story of America in the broader sense. She is a native of Jordan and her soccer team boys belong to families that flee to the United States from many war-torn areas across the globe and her soccer saga serves as the catalyst for their coming together and is the living example of concept of ‘the world is one family.’ She hails from an aristocratic family from Jordan. She comes to America for studies. Giving her backgrounder information the author writes, â€Å"Luma, I would learn, had no particular background in social or human-rights work. She was just a normal woman who wanted, her own way, to make the world a better