3E Economics par. 5.2

Par. 5.1 assignment 5
A
Turnover € 4.800 Purchase value € 3.200
B
Turnover € 8.000 Gross profit € 3.200
C
Turnover € 8.000 Gross profit € 4.800
D
Purchase value € 4.800 Gross profit € 3.200
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Slide 1: Quiz
EconomieMiddelbare schoolvwoLeerjaar 3

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Par. 5.1 assignment 5
A
Turnover € 4.800 Purchase value € 3.200
B
Turnover € 8.000 Gross profit € 3.200
C
Turnover € 8.000 Gross profit € 4.800
D
Purchase value € 4.800 Gross profit € 3.200

Slide 1 - Quiz

Par. 5.1 assignment 7
A
A 8.281 - 1.109 B 1.109 - 1.020
B
A 8.281 - 1.109 B 1.109 + 1.020
C
A 8.281 + 1.109 B 1.109 - 1.020
D
A 8.281 + 1.109 B 1.109 + 1.020

Slide 2 - Quiz

par. 5.1 assignment 14a
What is not a good calculation?
A
10.000 / 100
B
20.000 / 200
C
30.000 / 300
D
30.000 / 600

Slide 3 - Quiz

TVC sales 200
TC sales 100
TVC sales 100
5.1 14b
10.000 + 12.000
22.000 - 20.000
2.000 / 100 x 200

Slide 4 - Question de remorquage

Wage costs <--> Net wage
Net wage = Gross wage - Taxes and Employee social insurance contributions
F.e. = 3.000 - 1.000 = 2.000

Wage costs = Gross wage + Employer social security contributions
bijv. = 3.000 + 500 = 3.500


Slide 5 - Diapositive

Slide 6 - Diapositive

                                     WIG
                                                                      Verschil loonkosten werkgever
                                                                                   en nettoloon werknemer

Slide 7 - Diapositive

Contributions
contributions employee insurance schemes paid by employers
F.e. WW and WIA

contributions national insurance schemes paid by employees
F.e. AOW and ANW

Slide 8 - Diapositive

Calculate the net wage:
Gross wage: € 3.000,-
Tax: € 800,-
employer's social security contributions € 75,-
employee's social security contributions: € 150,-
A
€ 3.950,-
B
€ 2.200,-
C
€ 2.050,-
D
€ 1.975,-

Slide 9 - Quiz

1. National insurance schemes are for everyone
2. Employee insurance schemes are for employees
A
1= correct 2= incorrect
B
1= incorrect 2=correct
C
Both are incorrect
D
Both are correct

Slide 10 - Quiz

Wage costs
When wage costs increase, Dutch companies could be forced to increase their selling price

This means that the Dutch international competitiveness could decrease

Increasing labour productivity could solve this

Slide 11 - Diapositive

Causes higher labour productivity:

- Education
- Mechanisation , Automation
- Better division of labour, Specialisation

Slide 12 - Diapositive

Labour costs per product will decrease if the percentual increase of the ...(1) is higher than the percentual increase of the ...(2)
A
1 labour productivity 2 wage costs
B
1 wage costs 2 labour productivity

Slide 13 - Quiz

graph page 155 ( blue and red )
The labour costs per product in 2003 will ...(1) and the labour costs in 2009 will ...(2)
A
1 decrease 2 decrease
B
1 decrease 2 increase
C
1 increase 2 decrease
D
1 increase 2 increase

Slide 14 - Quiz

                                                index wage costs
index wage costs per product = ----------------------------- x 100
                                                        index labour productivity

Slide 15 - Diapositive

The last 20 years the average wages in The Netherlands have increased by 50%. Because of technological developments labour productivity increased by 70%.
What was the change in wage costs per product?
A
20% lower
B
12% lower
C
13% higher
D
20% higher

Slide 16 - Quiz

                                                      index wage costs
index wage costs per product = ----------------------------- x 100
                                                                      index labour productivity             
index wage costs per product = 150 / 170 x 100 = 88
So wage costs per product 12% lower

Slide 17 - Diapositive

Limiting wage increase
Labour costs per product are important for employment

Low labour costs per product --> Low prices Dutch companies
--> Better international competitiveness The Netherlands
 --> More demand for Dutch products --> More production 
--> More employees needed --> Lower unemployment

Slide 18 - Diapositive

Hw.
Par. 5.2 assignments 4 and 8

Slide 19 - Diapositive