HW4 Solutions Essay

HW4 Solutions Essay HW4 Solutions Essay HW4 Solutions 1. The effect of a government tax increase of $100 billion on (a) government saving, (b) private saving, and (c) national saving can be analyzed by using the following relationships: National Saving = + [Government Saving] = [Y – T – C(Y – T)] + [T – G] = Y – C(Y – T) – G. a. Government Saving- The tax increase causes a 1-for-1 increase in public saving. T increases by $100 billion and, therefore, government saving increases by $100 billion. b. Private Saving- The increase in taxes decreases disposable income, Y – T, by $100 billion. Since the marginal propensity to consume (MPC) is 0.6, consumption falls by 0.6 Ãâ€"ï€  $100 billion, or $60 billion. Hence, Private Saving = – $100b – 0.6 ( – $100b) = – $40b. c. National Saving- Because national saving is the sum of private and public saving, we can conclude that the $100 billion tax increase leads to a $60 billion increase in national saving. Another way to see this is by using the third equation for national saving expressed above, that national saving equals Y – C(Y – T) – G. The $100 billion tax increase reduces disposable income and causes consumption to fall by $60 billion. Since neither G nor Y changes, national saving thus rises by $60 billion. d. Investment- To determine the effect of the tax increase on investment, recall the national accounts identity: Y = C(Y – T) + I(r) + G. Rearranging, we find Y – C(Y – T) – G = I(r) National Saving = I(r) The left-hand side of this equation is national saving, so the equation just says that national saving equals investment. Since national saving increases by $60 billion, investment must also increase by $60 billion. 2. a. Private saving is the amount of disposable income, Y – T, that is not consumed: = Y – T – C(Y – T) = Y – T – MPC(Y – T) = 5,000 – 1,000 – (250 + 0.75(5,000 – 1,000)) = 750. Public saving is the amount of taxes the government has left over after it makes its purchases: Public (Government) Saving = T – G = 1,000 – 1,000 = 0. Total saving is the sum of private saving and public saving, which will be 750. b. The equilibrium interest rate is the value of r that clears the market for loanable funds. We already know that national saving is 750, so we just need to set it equal to investment: S =I 750 = 1,000 – 50r Solving this equation for r we find r = 5%. c. When the government increases its spending, private saving remains the same as before (notice that G does not appear

Biographical Profile of Virginia Woolf

Biographical Profile of Virginia Woolf (1882-1941) British writer. Virginia Woolf became one of the most prominent literary figures of the early 20th century, with novels like Mrs. Dalloway (1925), Jacobs Room (1922), To the Lighthouse (1927), and The Waves (1931).Woolf learned early on that it was her fate to be the daughter of educated men. In a journal entry shortly after her fathers death in 1904, she wrote: His life would have ended mine... No writing, no books: inconceivable. Luckily, for the literary world, Woolfs conviction would be overcome by her itch to write. Virginia Woolf Birth: Virginia Woolf was born Adeline Virginia Stephen on January 25, 1882, in London. Woolf was educated at home by her father, Sir Leslie Stephen, the author of the Dictionary of English Biography, and she read extensively. Her mother, Julia Duckworth Stephen, was a nurse, who published a book on nursing. Her mother died in 1895, which was the catalyst for Virginias first mental breakdown. Virginias sister, Stella, died in 1897; and her father dies in 1904. Virginia Woolf Death: Virginia Woolf died on March 28, 1941 near Rodmell, Sussex, England. She left a note for her husband, Leonard, and for her sister, Vanessa. Then, Virginia walked to the River Ouse, put a large stone in her pocket, and drowned herself. Children found her body 18 days later. Virginia Woolf Marriage: Virginia married Leonard Wolf in 1912. Leonard was a journalist. In 1917 the she and her husband founded Hogarth Press, which became a successful publishing house, printing the early works of authors such as Forster, Katherine Mansfield, and T. S. Eliot, and introducing the works of Sigmund Freud. Except for the first printing of Woolfs first novel, The Voyage Out (1915), Hogarth Press also published all of her works. Bloomsbury Group: Together, Virginia and Leonard Woolf was a part of the famous Bloomsbury Group, which included E.M. Forster, Duncan Grant, Virginias sister, Vanessa Bell, Gertrude Stein, James Joyce, Ezra Pound, and T. S. Eliot. Virginia Woolf Achievements: Virginia Woolfs works are often closely linked to the development of feminist criticism, but she was also an important writer in the modernist movement. She revolutionized the novel with stream of consciousness, which allowed her to depict the inner lives of her characters in all too intimate detail. In A Room of Ones Own Woolf writes, we think back through our mothers if we are women. It is useless to go to the great men writers for help, however much one may go to them for pleasure. Virginia Woolf Quotes: I would venture to guess that Anon, who wrote so many poems without signing them, was often a woman.One of the signs of passing youth is the birth of a sense of fellowship with other human beings as we take our place among them.- Hours in a LibraryMrs. Dalloway said she would buy the flowers herself.- Mrs. DallowayIt was an uncertain spring. The weather, perpetually changing, sent clouds of blue and purple flying over the land.- The Years To the Lighthouse Quotes: What is the meaning of life?... a simple question; one that tended to close in on one with years. The great revelation had never come. The great revelation perhaps never did come. Instead there were little daily miracles, illuminations, matches struck unexpectedly in the dark.The extraordinary irrationality of her remark, the folly of womens minds enraged him. He had ridden through the valley of death, been shattered and shivered; and now, she flew in the face of facts... A Room of Ones Own Quotes: Imaginative work... is like a spiders web, attached ever so lightly perhaps, but still attached to life at all four corners.... But when the web is pulled askew, hooked up at the edge, torn in the middle, one remembers that these webs are not spun in midair by incorporeal creatures, but are the work of suffering, human beings, and are attached to the grossly material things, like health and money and the houses we live in. More Details of Virginia Woolfs Life: In A Room of Ones Own, Woolf writes, When...one reads of a witch being ducked, of a woman possessed by devils, of a wise woman selling herbs, or even of a very remarkable man who had a mother, then I think we are on the track of a lost novelist, a suppressed poet, of some mute and inglorious Jane Austen, some Emily Bronte who dashed her brains out on the moor or mopped and mowed about the highways crazed with the torture that her gift had put her to. Indeed, I would venture to guess that Anon, who wrote so many poems without signing them, was often a woman.From the time of her mothers death in 1895, Woolf suffered from what is now believed to have been bipolar disorder, which is characterized by alternating moods of mania and depression. In 1941, at the apparent onset of a period of depression, Woolf drowned herself in the Ouse River. He dreaded World War II. She feared that she was about to lose her mind and become a burden on her husband. She left her husband a note explaining that she feared she was going mad and this time would not recover.

Globalization Essay Example | Topics and Well Written Essays - 2000 words - 2

Globalization - Essay Example People belonging to a certain culture share the same language and other beliefs and their behaviour is shaped by culture. As such, I think it is important for people in different countries to know the impacts of globalisation on their culture. This subject is very important because it defines the identity of people and it distinguishes them from other groups. Therefore, there is need to preserve indigenous languages and culture for different communities in order to successfully fight the impacts of globalisation. The development of new information and communication such as the internet has contributed to the growth and development of aspects such as the economy. However, the same technology has also contributed to the erosion of other languages given that English is communicated to other marginalized communities and it is now being treated as the first language. This has caused problems to other languages given that they are slowly being eroded by other powerful languages. Language i s passed from generation to generation through the word of mouth and this communication strategy needs to be preserved if we are to preserve our indigenous languages which are being threatened by English in many societies. The erosion of English also entails the erosion of human knowledge as a result of marginalization of other smaller communities. This makes it difficult for such societies to preserve their knowledge which shapes their behaviour (Ostler, 2006). Language is therefore an important element in the fight against the effects of globalisation in different communities. In Haviland, there are two sections that address this issue of globalization as a result of expanding technology. In â€Å"Language and Communication† and â€Å"Global Changes and the Role of Anthropology,† language is seen as a precious resource that can be easily exploited by the dominant and powerful countries such as the English speaking nations as they are bent on imposing their language a s special over other languages (Haviland et al, 2009, p.162). As a result, the rise of globalisation has caused different reactions from other countries which have realised its threats especially to the survival of their own languages. In many countries, the people have realised the importance of their own language which is facing erosion by English which is now communicated to different countries. For instance, in France, there is a growing concern for preserving the French language and this has led the government to launch a campaign to promote the language such as le hamburger and e-mail (Haviland et al, 2009, p. 170). In the United States, the â€Å"English only† campaign amounts to preservation of their interests where many citizens â€Å"seek to shape or transform not only their towns but also†¦the entire country by electing politicians committed to forging a national culture based on what they see as American patriotism, English-only legislation, and traditional Christian values† (Haviland et al, 2009, p. 334).In other countries, language may be seen as the most important way to maintain a sense of national identity. In either event, Haviland’s examination of language in terms of socio-linguistics, which studies the relationship between language and society as well as ethno-linguistics, whi

MHE503 Survey of Emergency and Disaster Mgt Module 4 SLP Essay

MHE503 Survey of Emergency and Disaster Mgt Module 4 SLP - Essay Example Over the past fifty years these storms have become more destructive and damaging to lives and property. Experts link these changes in storms strengths to global warming. With global warming, tropical or agricultural countries such as the Philippines are the ones that see the devastating effects of nature. With the onslaught of these typhoons, floods are sure to follow. Because of the volume of rain that falls, dams reach their critical levels and can cause flooding to agricultural areas. In these cases, even hydroelectric power plants need to enforce emergency crises plans to assist the communities that may be hit with the dam overflow (Ingles, n.d.). When storms hit the Philippines, the damage to lives and property are devastating. The storms also create a domino effect on low-lying coastal towns. When strong typhoons hit the country, even towns that will not be directly hit by the storm feel its effect through the torrential downpour of rain. This downpour results in landslides and flooding. Since the Philippines is a agricultural country, rains from typhoons not only damage crops but floods totally destroy farmlands. It will take years before the land becomes ideal for vegetation growth and these results in loss of income for farmers and their families who rely on the land. Inconsistent weather patterns have been attributed to global warming (Ng, 2009). Disaster that results from nature ... This monitoring means that they will forecast which provinces will be directly affected by typhoons. There are two seasons in the Philippines. One is the wet season; the other is the dry season. The wet season lasts from June to November, while the dry season is from December to May. Being an agricultural country, the land relies on rainfall to propagate farms. Typhoons can change the volume of rain that will fall, and this can destroy crops. Among its' regions and provinces Baguio city, eastern Samar, and eastern Surigao receive the most rainfall annually. Baguio City has the lowest temperatures, almost similar to those of countries with temperate climates (PAGASA, n.d.). In preparing for disaster response, one of the first steps that need to be implemented is the deployment of response by the local government. This initial response needs to be supplemented by volunteer response groups and neighboring communities. After this initial response, the state will then respond to the emergency that will then assess the extent of the damage to lives and property. This assessment will determine if the damages are extensive in order for government funds to be released in these emergency situations ("Hazard mitigation", 2009). One of the most damaging typhoons in terms of property that hit the Philippines over the past fifty years was Milenyo (international name Xangsane). The storm hit the Philippines on October 25, 2006 (PAGASA, n.d.) and the total damages to lives and property amounted to P6.610B with six of its thirteen regions affected. The capital of country, Metro Manila or National Capital Region felt the onslaught of this super

Male Domination in A MIdsummer Nights Dream Essays -- Essays Papers

Male Domination in A MIdsummer Nights Dream Male Domination For many centuries women have been oppressed, and treated like second-class citizens. Over the years, women have earned more rights and have been recognized as equals to men. Although they have earned many things, there are still some signs of them being oppressed by societies that are still mainly dominated by men. The period when Queen Elizabeth was ruling over England was no different. She was a big supporter of William Shakespeare and his acting company. William Shakespeare was one of the first feminist writers. William Shakespeare wrote the play A Midsummer Night’s Dream. The women in the play have no power and there is nothing they can do. The men use their power to control the women and almost mess up many people’s lives. In the play A Midsummer Night’s Dream by William Shakespeare, male domination is displayed in the relationships, Theseus winning Hippolyta, Egeus controlling Hermia, and Oberon tricking Titania. Theseus won Hippolyta in battle and doesn’t care about her feelings. Theseus is the Duke of Athens and is the governing power of all the humans in the play. Hippolyta was the Queen of the Amazons, but was then conquered by Theseus and his army. â€Å"Hippolyta I wooed thee with my sword, And won thy love, doing thee injuries; But I will wed thee in another key, With pomp, with triumph, and with reveling.† (1.1.16-19) Theseus won her in death and destru...

Marriage Contract Essay

When entering into a marriage, the bride and groom may wish to sign an agreement detailing how assets will be divided if the marriage breaks down. Marriage contracts, often referred to as pre-nuptial agreements, can be drafted and signed before the marriage or during the course of a marriage. Depending on the jurisdiction, formal requirements may need to be met (i.e. agreement in writing, signatures, witnesses) before the contract is valid. A marriage contract can deal with each person’s obligations in the marriage, upon separation, annulment or divorce, or division of assets when one spouse dies. Applying for a marriage license A marriage license is required before getting married. The license itself does not mean that you are married but that you can get married, within that province, at any time during the next three months. To obtain a license you must apply in person to the marriage license issuer in the community in which you intend to get married. The Director of Vital Statistics will provide a list of issuers for a particular area on request. Only one of you need apply for the license but you will need to supply the relevant documents for both partners. As well, a fee will be required at the time of the application. Please contact the appropriate Vital Statistics Office beforehand in order to confirm these details. The Marriage Ceremony You may choose to have either a religious or civil ceremony, either type must be witnessed by at least two people. Religious ceremonies can be performed by any religious representatives registered with the Division of Vital Statistics under the Marriage Act for that Province. Civil ceremonies are performed by Marriage Commissioners, who are appointed by the Director of Vital Statistics and a fee is charged for this type of ceremony. Registering the Marriage The religious representative or Marriage Commissioner who performs your wedding ceremony will also assist you in completing the necessary Marriage Registration Forms. These are then sent to the Division of Vital Statistics where your marriage is registered and a legal record is kept. At the time of the marriage you may be provided with a statement of marriage. This is a document that can be used in the interim period to show that you are legally married. However, you should apply for your marriage certificate from the Director of Vital Statistics, again there is a fee for obtaining a marriage certificate and you should contact the Vital Statistics Office in order to find out the cost.

Predatory Or Affective Aggression An Analysis Of Andrea...

Predatory or Affective Aggression: An Analysis of Andrea Yates The case of Andrea Yates shows that many factors may contribute to the commission of a crime. These range from psychological and biological factors such as mental disorders, cognitions, and neurological conditions to the sociological influences on a person’s life. Two psycho-biologically distinctive modes of aggression, affective and predatory, have received substantial experimental and clinical attention during the past 30 years. Affective aggression in humans is a defensive mode of violence that is accompanied by high levels of sympathetic arousal and emotion, usually anger and fear, and is a time-limited reaction to an imminent threat. Predatory aggression in humans is an attack mode of violence that is accompanied by minimal automatic arousal, and is planned, purposeful, and emotionless. The case of Andrea Yates shows that many factors may contribute to the commission of a crime. These range from psychological and biological factors such as mental disorders, cognitions, and neurological conditions to the sociological influences on a person’s life. Yates’s crime was unusual, the result of a perfect storm of mental, medical, and sociological stresses. But her case nonetheless illustrates that the extraordinarily complex nature of human behavior continually challenges the efforts of criminal justice experts to understand the causes of crime. Much research has been devoted to understanding why people commit