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1. GDP vs. GNI.
Using the database at data.worldbank.org (or any other reliable database, if you prefer), identify a country where there is a significant difference between the gross domestic product (GDP) and gross national income (GNI) calculated in per capita terms. Please, show graphically these 2 indicators (preferably for a period of 5-10 years)! What is your explanation for the trends/difference?
2. GDP per capita – differences between countries.
Using the database at data.worldbank.org , identify 2 countries that have a common land border, but their GDP per capita (PPP) significantly differs! Please, show the trend of this indicator for these 2 countries using the available data. What is your explanation for the differences between these 2 countries?
3. Measures of Inflation.
Inflation can be measured using many different indicators. Your task is to collect and present data on at least 3 different measures of inflation in one country for a period of about 10 years. Please, present your data graphically and provide a brief comment on the differences (if any) in the trends of these indicators!
Bernie Madeoff pays $240 comma 000 for a new four-bedroom 2,400-square-foot home outside Tonopah, Nevada. He plans to make a 20% down payment, but is having trouble deciding whether he wants a 15-year fixed rate (6.400%) or a 30-year fixed rate (6.875%) mortgage.
a. What is the monthly payment for both the 15- and 30-year mortgages, assuming a fully amortizing loan of equal payments for the life of the mortgage?
b. Assume that instead of making a 20% down payment, he makes a 10% down payment, and finances the remainder at 7.125% fixed interest for 15 years. What is his monthly payment?
c. Assume that the home’s total value falls by 25%. If Bernie sells the house at the new market value, what would be his gain or loss on the home and mortgage, assuming all of the mortgage principal remains? Use the same assumptions as in part a.
Write 3 page essay on the topic Ombudsman in the UK.
This means that this is an office that is supposed to check on the excesses of the government and it officer as far as handling of the citizens is concerned. It has been formed as the main force that helps the aggrieved parities to deal with the government. In this case it is supposed to check on the way the government and its officers having being given more power by the constitution that the people who they rule deal with the people. This office has an important function as it helps to provide a check and balance between the powers of the government officers and how they are applied to the people. This is one of the most important offices in the UK which has been serving the above mentioned function. In the UK, this office has been formed in the parliament and is called Parliament Commissioner for Administration. Although it has been referred as an imported institution that was formed in the Scandinavian soil, the office has been given the mandate to act on receiving complains from the public and then carrying out investigation and giving the recommendations to the parliament for the implementation of the necessary process. During its formation there were various agreements that surrounded the way the department could function amid the emerging parliamentary democracy and how it could fit to the legal framework. In real sense these earlier fears have been reflected in the functioning of the office as it has not been able to meet the expectations of the people. There have been many concerns about the functioning of the office not only in the UK but also in other places where it has been instituted. There have been claims that the office has not been meeting its mandates to protect the people from the excesses of the government. There has been issue with the way that one can represent their cases to the office. The office in the UK has not put up a framework that make is easy for the aggrieved party.
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