Income Research Papers Samples For Students

Introduction

The United States is one of the most developed countries, but it is also one of the countries with the highest level of income inequality. According to research, more than half of the nation’s income goes to only 5% of the population, while the remaining half is shared by the 95%. One way of measuring a nation’s income inequality is through the Gini coefficient. The Gini coefficient measures income inequality on a scale of 0 to 1 wherein 0 corresponds to total equality; a scenario wherein everyone is earning the same amount while 1 corresponds to total ...

Income Inequality

Abstract
The purpose of this research paper is to establish income inequality as a serious socio-economic issue. The views of various social and economic writers have been explored to prove that the unfairly effects the low income class. A critical examination is made regarding inequality of opportunities available to low income class, as compared to the higher ones. Several studies conducted by prestigious institutions are cited to back the claim that income inequality hinders economic growth by increasing poverty and unemployment. Other aspects, such as the effects on the affordability of education and healthcare, are uncovered. An evaluation of ...

Impact of Education, Employment and Income (Socio-Economic Conditions) on Health: Applied Multivariate Statistics in Public Affairs

Impact of Education, Employment and Income (Socio-Economic Conditions) on Health: Applied Multivariate Statistics in Public Affairs

Introduction

The present study concerns itself with identification and development of a set of predictive factors for state or condition of overall health in a give country or region. With increasing population and strain on natural as well as human resources, various stress and genealogical health issues are emerging as threats to public health. In this context the work done in this study can be pivotal in an international context. As it attempts and paves way for a establishment of an empirical base for ...

[Class Title]

Income Inequality in America

Introduction
Income inequality is one of the most observable trends in the American society today. There are, for instance, super rich Americans with the resources that are exceedingly high compared to the average American wage earner. Over the years, the disparity between the rich and the poor in terms of income has been widening and it is widening rapidly. Income inequalities have become exceedingly unacceptable that it has become one of the most controversial and talked about topic in contemporary American society. In fact, this coming 2016 United States presidential election, one of the key issues is ...

Income inequality and poverty

Abstract
A number of international human rights watchdogs recently commented about the increasing gap between the rich and the poor. They argue that while middle classes tend to be gradually transformed into the rich, more and more people cross the line of absolute poverty. Many analysts advocate the idea that the cornerstone of the poverty is
This paper seeks to establish the connections between the concepts of income inequality, operating the regression analysis method. It also discusses the differences between absolute and relative poverty in the context of global campaign for poverty reduction.

Introduction

The concepts of poverty ...

Nominal Personal Income

This is the level of income that is received by individuals from all the sources that generate income, tailored to these individuals in the economic model. The individuals are rewarded for their contribution as factors of production in the production process. Personal income is herein referred to as nominal because it has not been subjected to the implicit price deflator that consequently yields real personal income. Apart from taking part in the production process, nominal personal income is also generated from the receipt of transfers from both businesses and government. The individuals whose nominal personal income is calculated constitute ...

Individual Income Tax (North Carolina)

Individual Income Tax (North Carolina)
Personal income tax or individual income tax refers to the levied tax on personal income. Here, individual refers to a person, non-juristic body of person, an ordinary person or an individual estate. For an individual to be liable for personal income tax, one has to compute file tax returns, compute tax liability as well as pay the indicated tax as according to the calendar of the year. The individual tax income differs in different states with each state having its own rights of running the tax provided by its residents. This research would look ...

A major objective in managing the Australian economy is to improve the standard of living of everyone in the community. About one in every nine (over 2.2 million) Australians live in income poverty today. According to the Australian Bureau of Statistics (ABS), the 90/10 ratio of disposable income was 4.21 in 2009/10 as compared to 1994/95 when it stood at 3.78 (Australian Bureau of Statistics, 2012). The government in collaboration with investors and non-governmental organizations is working to reverse the inequality in Australia.

Statistics on inequality

The ABS also reports that, in 2011, the median personal income of Australians was $577 while ...

Introduction

Americans through different activities at different times have the obligation to contribute to public spending, which means paying taxes. These are one of the sources of income of the country and are extremely important for the national economy. Individuals can provide services, conduct business, lease property, work for wages, among others. Depending on the activity performed and their average earnings belong to a specific tax regime. The physical development of its actions people need to meet their tax obligations. For that, the federal department announced the applicable tax regimes according to the activities and proceeds, its implications, privileges and how ...

The US is one of the many wealthiest countries in the world and according to research it has the highest obesity rates. The research shows that one-third of US population is obese, and a third is overweight. Other researchers show that high-income countries have greater rates of obesity compared to middle and low-income countries (Averett and Korenman 15).
Over the years, obesity has increased even among children. Research on obesity between adults and children show that approximately 36% of adults and 17% of children in the US are obese. Statistics of the children reveal that a quarter of 2-5 ...

Conventional versus Islamic

Y M

Fin399-P

Dr. N E
Abstract:
The current paper relates financial analysis of commercial and Islamic banks in UAE. The aim of this paper is to evaluate financial performance of commercial and Islamic banks in UAE and make appropriate conclusions regarding comparative advantages and disadvantages of the two groups of the banks. The evaluation between commercial and Islamic banks was carried out with the help of financial analysis. Analysis of financial ratios was used as the main technique of financial analysis in this paper. There were four groups of financial ratios analyzed, namely: liquidity ratios, solvency ratios, ...

Obesity is a health problem that refers to an individual having too many fats in the body. Obesity is much though confused with being overweight. It is essential to note that a person can be overweight from extra muscle. Today, obesity is at rise due to poor eating methods and evolution with the western way of lifestyle. Obesity affects all types of people every day; however, it is most prevalent in low-income families. However in this paper the main focus will be how obesity affects the low income families. Therefore, the paramount concern will be to discuss on the various aspects ...

Abstract

Today, job satisfaction has become an increasing factor in the labor market in the United States. Job satisfaction can be influenced through different influences this may include race/ethnicity, income levels and home ownership. Analysis of the survey includes different people from demographic levels. It is important to note the different factors that affect job satisfaction. By doing so managers can be able to balance and provide better benefits and allowances to ensure employees are satisfied with their jobs.

Introduction

Job satisfaction is vital in any state and it is considered as one of the key factors that influence the economic ...

Analysis of Financial Statements of Goldman Sachs

Introduction
A world renowned company, Goldman Sachs is an American Multinational Corporation that deals with the institutional clients offering investment banking, investment management and other related financial services. The following report will analyze some of the crucial items of the financial statements of Goldman Sachs including Earning per Share, Cash Flow Statement, Tax Deferrals, Share based compensation, Employee Compensation Plans. We are sure that by the end of this report, we will be able to have a comprehensive overview of the company’s financial statements.

Amount Disclosed
Footnote Information-Deferred Taxes
Note 24 of the Annual Report is ...

Income and Expenditure

Introduction
Income and expenditure contributes largely to economic measures of an individual, country or continent. They determine the credit worthiness of a person or economic stability of a given country. Hence, my report will cover how income of an employee relates with his expenditure in the U.S. What actually am determined to prove is that, when a person gets higher income will his or her expenditure increase or decrease? For instance, I managed to find discrete data concerning income and expenditure from the ‘Economic data for the U.S.: http://www.bea.gov/’. The data had three variables namely, months starting from the ...

There has been mixed reaction on the determinants of the annual income of truck drivers in the US. Women lobby groups argue that gender significantly determine wages in the US trucking industry to support their claims of gender discrimination. On the other hand, trucking companies in the US have maintained that wages of truck drivers are solely determined by the number of jobs assigned to a truck driver and the number of days spent on travel by the driver. This study sought to examine if gender, the number of jobs assigned to a truck driver and the number of days spent ...

Validation of Principal Efficacy Survey– Rationale for Adding New Questions to the

ABSTRACT
In the process of validating principal self-efficacy connected to the corroborated Megan Tschannen-Moran Survey, important gaps in the questionnaire exist. The academic work presented here provides the essential and missing questions needing asked by principals in assessing the efficacy of his/her performance as an administrator, innovator, and advocate for quality educational practices in the 21st century. These suggested questions look at principal management abilities, consider the diversity of the demographics of public school learners and their families, professional development necessary for instructors' ability for enhancing teaching, and the critical acknowledgement educational technology.
Key Words: principal, self-efficacy, ...

Occupy Wall Street is a continuing series of protests that were started by a Canadian lobby group called the Adbusters. The protests begun on 17th September, 2011 in Zuccotti Park which is located in the financial district of Wall Street in New York (Stelter 1). The main issues that the demonstrations highlight are corruption, economic inequality, undue influence of large organizations, and high rates of unemployment. Occupy Wall Street is a movement that intends to support a creative strategy for economic justice in the United States of America.

Background

Though the Occupy Wall Street campaign begun officially on 17th September, 2011, its origins can ...

There is a considerable and sizeable population of small business in the US economy. Statistically speaking there are over 28 million small business that occurs with small business specifically indicating businesses with fewer than 500 employees. Over 22, million individuals are self-employed without any additional payrolls or having employed other persons. Of the working population, a considerable percentage of over 50% that translates to 120 million individuals work in the small business (US statistics and data, 2016). Small business on average have modest turnovers that attract income taxes on the cash generated. Business entities are relevant in the generation ...

Math Studies

Introduction:
In a recent Time Magazine article, Leon Botstein, the President of Bard College wrote that the SAT is biased, and “the only persistent statistical result from the SAT is the correlation between high income and high test scores” (Botstein 2014), In statistical research, there has been an observable relationship between SAT scores and the test-takers’ family income. Generally, the wealthier a student’s family is, the higher the SAT score. Does this hold true for average state mean income and education expenditure invested per student?
The strong correlation has been attributed to a number of factors, better school districts, more ...

Interpreting Market Trends

Data on various market factors will need to be collected for identification of their effect on demand of vehicles in the Australian market. Those factors are summarized as follows

Disposable income is the level of income that households can spend for their consumer purposes. It is the income after taxation whose level determines the income that consumers have at their disposal. In that respect, it is determined by employment level within an economy.

Purchasing power: Price index/inflation:

Purchasing power refers to the ability that the income held has in buying goods and services. The change in purchasing power determines the quantity of goods ...

Federal income tax refers to the structure of impositions of tax against the incomes of various individuals within the borders of the country (Klein 5). The government therefore exclusively taxes the individual income of all working persons within the borderline of the United States. The federal income tax is bound by the law in all aspects. This therefore implies that all individuals as provided in the guidelines supporting the whole system have an obligation of remitting part of their income to the government annually.

The federal tax income system works in a unique way. Salaries of individuals are taxed according ...

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ISBN ...

- A summary of the health profile of the specific high-risk family group of teen-obesity with explanation of the high-risk condition and associated behaviors or patterns.
Income gap in the United States has been a great determinant of the quality of life that is led by many families in the United States. People with access to finances are able to afford quality housing, healthcare and are able to live in healthy environments. On the contrary people who have low incomes lead low qualities of life that include the occupation of low income houses, which in most cases are in ...

Accounting and Recording

Summary
Financial accounting and reporting is a mode of communication used by different companies to communicate with the investors. This study uses two modes of accounting and reporting recognized by the international accounting and reporting body. The two methods used in this study are the Handelsgesetzbuch, HGB, which are the German commercial code and the US GAAP. The two multinational firms used in this study are from German and USA but operate in the global market. The German firm has its headquarters in Germany but operates in the international market while the USA firm also has it’s headquarter ...

Introduction

With the internationalization of production economic and social progress are becoming increasingly dependent on resolution of global problems. At the beginning of the XXI century these challenges are of vital importance for the future of civilization. The global problems of the world have a direct relationship to the whole humanity and affect the interests and destinies of all countries, nations and social classes, leading to significant economic and social costs, and in the case of aggravation of the situation may directly threaten the very existence of human civilization. These problems require cooperation in the planetary scale and the joint action ...

A tax is a compulsory contribution from an individual to the government. This payment to the government does not usually result to supply of goods and services to an individual. However, tax is important to any country in that it enables the government run its daily activities and in addition, the government is able to provide goods and services that the private sectors are not willing to supply due to the fact that these goods and services are unprofitable or it is not possible to exclude people from consuming the goods (Forbes, 47). The type of tax levied by government ...

There are 3 types of tax credits that are created for low-income homeowners: Mortgage Interest Credit, Resident Efficiency Property Credit, and Low-Income Housing Credits.

Mortgage Interest Credit

The buyer of a new home whose income is below the middle income is eligible for mortgage interest tax credit. The credit is oriented to help the individuals with lower income to afford their own home. A tax credit is allowed for every single year for 40% of the home mortgage interest that is paid by the homeowner. If the mortgage loan is equal or smaller than the amount that is shown on the MCC, ...

Ceslav Ciobanu

Saving and Investment in Closed and Open Economics
Introduction
Savings and investment are the foundation of long-term economic growth of any country. Investments and savings are closely related: there are no investments without savings, but not all of the savings can turn into investments. Investments are only those savings that are directly or indirectly invested in the production development for the profit in the future (Economicshelp.org, 2008).
Today's understanding of the investment comes from the fact that the investment refers to only those savings that are invested in a variety of factors of production and activities in order to ...

The paper will focus on income inequality, poverty and discrimination. The problem of discrimination based on gender in the United States and the occupational segregation that leads to the unequal opportunities and inequality in the income and makes some groups more vulnerable than others. The discrimination based on gender will be examined based on the statistics from the Bureau of Labor Statics. The comparison will be made based on the average income of women and men in weekly earnings, the difference in working hours that will be shown with the income gap. The occupation segregation will be shown based ...

Abstract

The paper gives an account of the importance of accounting. It provides information about the increasing importance of accounting in the recent years and the entities that pay attention to the information provided by the accounting system. The paper also describes about how each party makes use of accounting and its role in the process of decision-making. It also explains the need for recording and analyzing the transactions through the accounting system. Most importantly, the paper asserts the importance of accounting in assessing the performance of firms. The paper also provides a great deal of information about the role of ...

(University Affiliation)

Thesis statement

This research paper intends to investigate the rising cost of housing in DC making the low-income earners move outside the district. The analysis will be essential for policymakers and stakeholders to adopt a strategy for providing low-cost housing to the residents.

Introduction

The housing rate is rapidly increasing in DC with trends showing that the low-income earners find it difficult to get affordable housing. This has contributed to the movement of blue-collar workers and the low-income earners from the district in search of affordable housing. As Wolch, Byrne and Newell (2014) indicate, the low-income earners in the district ...

In Which Ways Does Summer Camps Influence the Lives of Low-Income Children?

Introduction
Children from low-income families face many challenges in the society including lack of proper education, poor nutrition, and poor relationship with children from high-income families. The society needs to seek ways of helping these children achieve good academic performances to make them responsible adults. One of the most effective strategies employed that positively influences lives of children from low-income families is the introduction of summer learning programs. Summer camps play a significant role in helping children and youths from low socioeconomic backgrounds improve their academic and live outcomes. The program helps children from low-income families who experience challenges ...

Introduction

The USA is now witnessing one of the highest income disparities in its history. Rich people are getting richer while poor people are getting poorer. One of the main challenges for the government is to ensure more equitable wealth distribution among the population. One of the most discussed techniques in recent years is “minimum wage”. Minimum wage in the USA is currently $7.25 per hour and a multi-year long debate between the Republicans and Democrats is going on upon the issue of increasing the minimum wage to $10.10 (Peters). This has become a major issue of political tussle between ...

Food deserts are those areas within cities where the local population has no or little access to fresh fruits and healthy vegetables. There is evidence that the food desert areas are more prevalent in the lower income neighborhoods. Lack of healthy foods leads to obesity and health ailments such as heart disease and diabetes. It is also seen that the neighborhoods with low-income are mostly African American. The essay discusses the Food deserts, what they mean and who is affected and how. Research works on food deserts in Baltimore city are looked into and how a lack of nutritious ...

Research Essay

As we live our lives, we tend to encounter various challenges every day. Our own thinking brings some of these challenges while other challenges are brought by the paradigms created by the society. Since the world has all kinds of people, we are likely to encounter the rich, poor, unhealthy, and healthy people in our daily interactions. These interactions are sometimes challenging, as we tend to question ourselves on how much we can do to help the world’s poor and the unhealthy people. This challenge presents itself in two ways. In one way, we personally feel that it ...

Re: Payroll tax policy and Income inequality

Current situation
Recommendations
The United States economy is the largest economy in the world, making the country powerful and respectable. In such an economy, there should be policies that promote income equality among the people to reduce the poverty levels. The tax system of the United States will require a proper revision to incorporate equality among the different wage group categories. The recommended reforms look at ways of reducing income inequality through adjustments on the payroll tax policy.

Cuts on payroll tax and increasing the scope of the tax to encourage savings

Adjusting the payroll tax on low income employees will encourage a saving habit to the people of the US. It will ...

Introduction

Switching the United States’ current income tax system would benefit the country as a whole. Therefore, variations of the flat tax that are proposed, some of which set a percentage on income while others set a percentage on sales tax. Those arguing in favour of such tax reforms contend that it will eliminate the complexity of our current system and the loopholes. This will contribute towards boosting of the economy. One such proposal, on which a number of books have been written, is called Fairtax. This is a flat rate sales tax only on new items. For example, if someone were to buy a used ...

Gross Domestic Product

GDP is an indispensable macroeconomic indicator for policy makers and economic analysts in the estimation of economic performance and the general standards of living. GDP statistics are by far, the most closely followed and critical economic indicators of any economy. In many instances, GDP statistics are published on National Accounts using volumes of extensive statistical data sets prepared on monthly, quarterly, or yearly basis. According to the Bureau of Economic Analysis (2012), the most used economic indicator of aggregate economic production of a country is the Gross Domestic Product (GDP). This economic measure represents the money value of all services ...

Part 1

Gross domestic product (GDP)
This is the total monetary value of all goods and services that are produced by a country excluding the goods and services produced abroad usually in a period of one year. It consists of public and private consumption, investments, government expenditures and the net exports.

Real GDP

This the total monetary value of goods and services produced within a country’s borders in a certain period of time and whose value has been adjusted to accommodate the inflation rate in that period. It can also be referred to as inflation corrected GDP. Real GDP puts into account price level changes ...

INTRODUCTION

With the intent to evaluate the financial
As an established manufacturer of a line of fully-integrated wireless communication products serving an international market, New Technology Incorporated (NTI) is looking to start a partnership with outside entities for a long-term software security venture. After a competitive technical product evaluation, it has been determined that MicroStrategy, Inc. (MicroStrategy), a Virginia based corporation, represents the best potential candidate for this venture. This analysis will review the income statement trends, balance sheet trends, cash flow trends, and three key financial ratio trends for the years of 2013 – 2015 to determine if this merger ...

Breadth area(s) that the topic is related to; This section covers the two broad areas relating to the topic which include;

The science/description breadth area
How can you use the perspectives of these particular breadth areas to examine the topic of your research within its global context?
I will analyze the global patterns of consumerism

THE PURPOSE OF THE STUDY

The section outlines the reasons for conducting the study.
RESEARCH QUESTIONS
This section captures five questions to be answered through the study.
WORKING THESIS
This section provides my anticipation as to what the answer to the research shall be.
LITERATURE REVIEW
In this ...

Introduction

National saving is the total amount of saving done by households, individuals, businesses and even the government agencies. National saving is important to a country in that it lays the strong pillars of the national economy as well as the financial security of the people. This is because national saving guarantees the ability of the nation and the households to invest in more economic improving activities. This is an important step in cushioning the individuals and even the nation from the prevalence of inflation or future drops in economic prowess.
It is also considered as the part of a ...

Abstract

The research tests the Independent variables in the hypothesis of rich oil versus less oil countries. The occurrence of conflicts served as the dependent variable, and the countries that have proven access to oil deposits have served as the unit of analysis. To prove this research hypothesis, the research methods that have been done by collecting information regarding the presence of oil deposits in the subject countries and other economic indicators such as the national GDP (Gross Domestic Product), among others. The collection of data focused on: Oil income, GDP, and Fail States. The analysis was done using the ...

Abstract

This paper is aimed at studying an economically marginalized group in United States of America. The chosen group for this paper consists of single mothers living under the poverty line in US. The paper starts with identifying the group including approximate number of people in the group. The problem defined in this paper is regarding large number of single mothers living under the poverty line. The causes of problem are identified in this paper along with proposing short term and long term solutions. The short term solution includes initiatives of government in various welfare programs including monetary aid to ...

Summary of the Healthcare in Canada

Public healthcare depends on several factors most of are outside the healthcare system. Some of these factors include but are not limited to socioeconomic determinants, political factors, and lifestyle choices. The scope of this thesis shall however be limited to the social determinants of public healthcare and these determinants shall be specific to Canada. Canada is a world leader as far public healthcare is concerned and is a model for most countries in the world to emulate. As a result, the stakeholders in the Canadian public healthcare system have not only formulated and implemented some of the best practicable strategies to deliver ...

Metropolises are large urban areas or cities that are significant political, economic and social cultural centers for a given region or country. They are also important hubs for international or regional commerce, communications and connections. In reference to large cities, neighborhoods are usually districts or localities characterized by certain ranks and qualities of its inhabitants. Therefore, neighborhood segregation refers to the physical separation of urban localities or residents into two or more neighborhoods. Although neighborhood segregation had been attributed to social courses such as ethnicity, racism and cultures, in the last few decades, there is growing evidence that differences ...

Introduction

The America constitution entitles every citizen the duty of paying income taxes. The criteria use to implement the law on taxes payer has created a feeling of unfairness. The outcome from the taxation practice has resulted in taxpayers developing an interest or idea of renouncing their U.S citizenship in order to evade paying the income taxes.
Renouncing of US citizenship is justified in the immigration and nationality act. It therefore implies that most of the US citizens have escaped paying their taxes. This is because it is a right for every citizen; it therefore plays a very fundamental role in tax ...

Introduction

Physical activity is an essential aspect in enhancing healthy growth and development of people irrespective of their age. In the United States of America, there has been a significant level of physical inactivity among different groups of the community especially among the youths. This has led to increased prevalence of lifestyle diseases such as obesity paving way for its related diseases. America has recorded the highest rates of obesity in the world. According to Blackburn and Walker (2005), 74.6% of Americans are obese with obesity being one of the leading causes of death in the nation (p.207). Obesity is one ...

Introduction

Income inequality is the uneven distribution of income in a country. There is a big gap between the poor and the rich. The rich are extremely rich while the poor are extremely poor. High inequality affects the economic growth of a country. This is because the country does not fully utilize its citizen’s capabilities leading to tension socially. In Canada income inequality has increased gradually for the last 20 years. Wellbeing is the quality of lives. It is brought about by the ability of people to attain their goals both personally and socially. It is measured in terms of health status, ...

Abstract

Performing the comprehensive analysis of the financial situation of AMC Entertainments, we have gained an optimistic review for the entity. Strong profitability driven by revenue growth and controlled cost structure will enlarge the podium of success for the company. On the other hand, high amount of operating cash flow growth, and a prudent spending on capital assets and dividend payment, indicates a sustainable approach of the company for maintaining balance throughout. Similarly, a sustainable proportion of debt-equity is apt according to the recent financial strength of the company and do not spark any source of concern.
However, two issues ...

Introduction

There has been an increase in the demand for security. Nowadays, a sense of security may be considered as the next basic goal after the basic items which include food, shelter and clothing. Majority of the people requires economic and health security. A person with economic security will be able to satisfy the basic needs in the present and future. Economic risk refers to the probability of losing economic security. Historically, economic risk was managed through making informational agreements between the parties concerned. The insurer would compensate the injured party. The pooling concept was later formalized in the insurance industry. ...

Introduction

Many US expatriates have of late been feeling that a very large proportion of their income is being lost in the name of paying taxes and are therefore earnestly seeking for ways through which they can reduce their tax liability. This is very important because avoiding tax using illegal means comes with very expensive penalties that are not easy to bear. This means that the only means by which they can save their income from being largely expended on tax is through the use of legal means of reducing their tax liability. One of these means is through renouncing U.S. ...

Task

Introduction
Accounting is a very important subject both to the followers of the profession and also to all institutions that carry on business. For any financial statements to make sense they must be prepared in a standardized manner, allowing for quick comparison between the financials of a company in different periods, the company and other players in the industry, a company in different countries etc. This requires the adoption of standards that will allow for this to be possible.
The International Accounting Standards Board prepares and issues the International Financial Reporting Standards (IFRS) that have been widely adopted by accountants the ...

Introduction

In past few years, one of the most significant developments in the world economy is the emergence of India and China as major forces in the global economy. The constant growth of these countries is expected to dominate the economy of the whole world for several decades. Both countries contribute as more than one-third of the world’s population. Since 1980, both economies have been successful in achieving remarkable poverty reduction and economic growth rate. In respect of economic growth, it seems that China and India both are similar as both of these countries have large geographies and populations. ...

Abstract

Regression analysis is the statistical technique commonly used in econometric modeling and carrying out economic forecasts. This study sought to assess the precision multiple linear regression in evaluating the evolution in real GDP per capita in the USA between 1998 and 2011 using expenditure approach. Three macroeconomic variables were used; Gross domestic product, net investment and final consumption. Net investment and final consumption are model regressors predicting GDP. The researcher used MS Excel to carry out all the statistical analysis on the data. The analysis result shows weak linear development GDP increment. Small fluctuations were observed around the fitted ...

Over the last few decades, the level of economic inequality has significantly increased, especially in the OECD countries (John 7). Essentially, the top earning population has acquired a large share of the overall gains in income. Fundamentally, there has been an increasing consensus that major assessment on the level of economic performance should not be based solely on income growth, but the distribution of income. Such assessments are highly concerned with the level of both economic and income inequality.
Economic inequality measurements have numerous dimensions, and economists view it in terms of monetary assessments related to incomes for individual ...

Abstract

Different researches have been conducted on the impact of debt on families. This current research study explores the effects of debts among children born in low income families. While using a study sample of 100 participants, the current research study found out that more poor children from indebted families have low educational attainment as compared to the children from wealthier families. This study suggests that in order to end poverty in the long run, the government needs to provide alternative sources of finance for the low income earners. This would help them repay their debts and leave them with enough ...

Great Divergence can be said to be the period of great income inequality or unequal wealth distribution which took place between periods in 170s up to 2007. Great divergence in the U.S. saw the high income earners continue getting more and more while the low earners continues to earn less and less. This increased the gap between the rich and the poor thus greater income distribution inequality. It was more pronounced in United States and lesser in other countries such as Canada and UK. According the research carried by CBO in 2011 on income distribution in the US for ...

- World Happiness Rankings
Worldly happiness can be termed as an index for measuring the human well being of the various nations of the world; a concept that was introduced in 2006. The process of comparing happiness across different cultures of the world is a rather complicated exercise. Different researchers and scholars in the field of happiness and economics have been looking for ways of measuring happiness across cultures and among individuals. Researchers have even devised a Happiness world index dubbed “Happy Planet Index (HPI)”. According to the researchers, “The index measures the well being of people and its possible environmental ...