恭喜发财

Yay. Happy CNY everyone!

Your friendly Econs rep brings you a wonderful festive gift! (x

Reminder!

For Thursday
1) Prepare tutorial worksheet 2B, Question 1,2,3,4.

2) Essay for discussion:

a) What determines the aggregate level of C is always beneficial to an economy? [15]
b) Discuss whether an increase in the aggregate level of C is always beneficial to an economy? [15]

3) Hand in essay assignment: Tutorial 2B, Section C, Page 4.For those who lost/misplaced/dont have your tutorial, here's the question:

[TYS N2003 Part (a)]
It was reported in October 2001 that industry in Singapore was facing a sharp recession. GDP grew by 10% in 2000, but in 2001 it was predicted to decline. The Singapore Chamber of Commerce petitioned the government for reductions in personal and corporate tax rates.

Explain what might happen to national income if a government were to reduce personal and corporate tax rates.

Yupyup. That's all.

Happy CNY and I hope you guys have fun collecting ang paos and binging on festive goodies!