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BELOY
MSA 202
MANAGERIAL ECONOMICS
returns?
and Philippines appear to have increasing returns. Each year, its GDP
negative returns?
rate decreases and when it reaches the negative (below zero), it then
satisfaction could have been achieved by lowering the voter’s tax burden
is that of the middle class which is taxed, then give back a significant
portion of those taxes in the form of social security benefits or
wisely?
the faceless, nameless taxpayer, who has no direct control over how
money is spent. And therefore, they have very little incentive to spend it
wisely. Taxpayer has no direct say in how the money is spent. The
taxpayer can’t cut the government off if he/she doesn’t like how the
their own money, and are not directly accountable to anyone whose
money is being spent, they have little incentive to hire qualified workers
and fire unqualified workers, make sure contractors don’t over charge,
taxpayer’s money wisely, but doesn’t mean they lack motivation for other
things. Like everyone else, they are motivated to further their own
bank accounts.
certain conditions. Actual GDP below this maximum GDP level indicates
unemployment.
References:
https://www.worldbank.org
http://www.populationcommission.nic.in
http://www.gov.uk/government/topics/public-spending