In Singapore, the enforcement of a good crime enforcement system has significantly reduced the level of crime rates and illegal activities in Singapore. However, in the past, where the presence of illegal activities/pirated transactions was rampant, it may have otherwise undermined the level of Gross Domestic Product (GDP) and hence living standards by excluding a large portion of the income and activities generated in the underground economy. Hence, there is an overestimation of the improvement in living standards of Singapore.
Furthermore, if the percentage increase in price level or population or both are to rise above the percentage increase in GDP, the percentage increase in real per capita income will not rise, implying that there is no improvement in standard of living (SOL).
The increase in national income may not imply that the SOL of the whole nation has improved since the increase in real per capita due to a rise in GDP may not take into consideration the actual distribution of income. This means that not all the citizens will experience rise in real per capita income, indicating an increase in purchasing power.
It is also important to take note of the composition of production. Even if the GDP increases does contribute to growth in production capacity, the low level of production of welfare good such as does not improve the lives of the people.
Lastly, it is imperative to assess the qualitative aspect of standard of living such as the stress level and level of externalities. Therefore, qualitative indicators like Measurement of Economic Welfare (MEW) or Human Development Index (HDI) will be needed as MEW reflects the monetized value of intangible aspects of SOL, while HDI reflects the progress of well-being of the individuals.
Tag Archives: gp model essays
Take breaks while you study
Posted onOctober 30, 2017bygptuitionsg
Dear students, As you head towards those stressful final exams, you might feel compelled to lock yourself in your bedroom from 8 am to 10 pm and stare at your textbooks for 4 hours at a time. That is not … Continue reading →
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‘Longer life expectancy creates more problems than benefits.’ Discuss. (A-levels 2016)
Posted onOctober 10, 2017bygptuitionsg
By Steven Ooi, website owner and GP tutor (retired) B.A. (First Class Honours), NUS Imagine waking up one day with your wife of 32 years. “Good morning, dear,” you say with a smile, as you have every morning for over … Continue reading →
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‘Human actions should be based on scientific fact, not religious faith.’ A model essay
Posted onJanuary 24, 2017bygptuitionsg
Note from author: This essay is over 1,800 words in length. Please do not feel that you need to write so much to score an A in GP. Indeed, a compact 750-word essay can do very well if it is of … Continue reading →
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In your society, how well are the demands of the economy and the environment balanced? (A-level GP exam 2015)
Posted onFebruary 24, 2016bygptuitionsg
In your society, how well are the demands of the economy and the environment balanced? A model essay (A-level GP exam 2015) By Steven Ooi, GP tutor B.A. (First Class Honours), NUS It has often been said that pragmatism is Singapore’s … Continue reading →
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Singapore is not an island
Posted onOctober 6, 2015bygptuitionsg
A must-read article for all Singaporeans and Malaysians alike, by one of Singapore’s foremost intellectuals, Mr Bilahari Kausikan. …… Malaysia is undergoing a systemic change that has profound consequences for Singapore What do most Singaporeans make of recent events in … Continue reading →
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Why should we be concerned with current affairs when most of them will soon be forgotten? (GCE A-levels 2013) A model essay
Posted onAugust 25, 2014bygptuitionsg
By Steven Ooi, GP tutor B.A. (First Class Honours), NUS The economic sanctions imposed on Russia by the European Union, the outbreak of the Ebola virus in West Africa, the manipulation of users’ news feeds by Facebook in an experiment … Continue reading →
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Read… and free your mind
Posted onApril 11, 2014bygptuitionsg
My fellow tutor-blogger Kevin Seah expounds beautifully on the sheer power of reading in this article. One of the things that most perturb me about our education system in Singapore today is that students hardly read anymore. I am not referring to reading … Continue reading →
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