Welfare Loss!

Reply #5

Gamma Ray — Thu, 16 May 2002 02:26:29 GMT

Saving=Investment +(Government Expediture +Transfer -Tax) +Net Export

Gamma Ray — Thu, 16 May 2002 02:26:28 GMT

Saving=Investment +(Government Expediture +Transfer -Tax) +Net Export

Gamma Ray — Thu, 16 May 2002 02:21:03 GMT

In economics terms it means shares of output or gain!Your welfare should be called TRANSFER

Guest — Thu, 16 May 2002 01:36:39 GMT

What do you mean by welfare? Huh, Gamma Ray? Isn't welfare for people who don't want to work.

CASH Only — Wed, 15 May 2002 21:00:45 GMT

Also for the 1st and 3rd...when you need to replace all the tires on your car.

Gamma Ray — Wed, 15 May 2002 20:55:16 GMT

Anyway there is a welfare loss for the 2nd tire price!For reference, please read my calculation post April