Page 2 of 3
Posted:
Mon Feb 08, 2021 7:10 pm
by Independence Hill
Miku the Based wrote:I don't think my nation has inflation, workers credits is still going to be worth the same all the time.
The accumulation per employee of workers credits for a set hour may change depending on SNLT and where on scale is the capital good or production is capable of outputing in comparison to other production tool. A accumulation of less workers credits for same output per hour means more efficient production tools are being used by other people for the same product and you're getting behind on the SN latter. About the same means there isn't any new production tool for producing the good and the economy stagnates. Having more workers credits for same output over time means equipment is getting destroyed and people are failing to produce this good as expected and you happen to be the one with the capital good able to produce more units per hour and other capital goods are producing diminishing units per hour. That is a sign of crisis and something wrong with the economy.
It depends on the volatility of your currency. If your exchange rate changes, you can calculate the inflation or deflation of your currency. It depends on a few factors.
Posted:
Mon Feb 08, 2021 7:47 pm
by Miku the Based
Sorry, the workers credits today will not be worth more then workers credits tomorrow. We do not allow wealth accumulation via idletry, only for previous hours worked. Sitting on ones credits would not make it accumulate so the incentive is to go out and work.
Posted:
Mon Feb 08, 2021 7:51 pm
by Independence Hill
Miku the Based wrote:Sorry, the workers credits today will not be worth more then workers credits tomorrow. We do not allow wealth accumulation via idletry, only for previous hours worked. Sitting on ones credits would not make it accumulate so the incentive is to go out and work.
The math says otherwise.
Posted:
Tue Feb 09, 2021 11:00 am
by Miku the Based
Independence Hill wrote:Miku the Based wrote:Sorry, the workers credits today will not be worth more then workers credits tomorrow. We do not allow wealth accumulation via idletry, only for previous hours worked. Sitting on ones credits would not make it accumulate so the incentive is to go out and work.
The math says otherwise.
What is the exchange rate expressed as?
Posted:
Tue Feb 09, 2021 3:32 pm
by Independence Hill
Miku the Based wrote:Independence Hill wrote:The math says otherwise.
What is the exchange rate expressed as?
The exchange rate is the value of your currency in relation to the U.S. Dollar.
Posted:
Tue Feb 09, 2021 3:32 pm
by Independence Hill
Date: 02/09/21
Total Population: 5.589B
Avg IQ: 122.4
Federal Tax Rate: 68.5%
Tanaska State Tax Rate: 3.9%
Huvuder State Tax Rate: 7.3%
Gleseral State Tax Rate: 7.9%
Sokana State Tax Rate: 6.2%
Rioters State Tax Rate*: 26.7%
Maunk State Tax Rate: 11.5%
Champal State Tax Rate*: 7.2%
Skerlak State Tax Rate*: 7.3%
Joseph Stockdale Industrial Avg**: []46,735.94
Erickson Manufacturing Index**: []9,245.83
Varnacki Agricultural Index**: []2,461.98
Consumer Confidence: 0.91/1.00
Total Exports: []29,580,681,484,121.93T
Total Imports: []29,691,113,694,290.87T
Total Net Exports: -[]110,432,210,168.94B
Total Consumption: []224.8T
Avg Exchange Rate: []2.17 = $1.00
Absolute Exchange Rate: $1.00 = []2.12
Inflation Rate: 1.40%
Avg Unemployment Rate: 4.50%
Avg Income: Poorest 10%: | Middle Class: | Wealthiest 10%:
Money Supply: []203.00T
Savings & Investment: []28.2
Velocity of Money: 1.25
Gross Regional Product: []253.0T
Gross Regional Product Per Capita: []36,406.95
*The Revolution, Skerielo, and Hawsden are equal and standardized to the Universal Treasury Note, but not accepted anywhere outside of their respective States. The Universal Treasury Note legally must be accepted everywhere in the United States of Independence Hill.
**The Joseph Stockdale Avg, Erickson Manufacturing Index, and the Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
Posted:
Tue Feb 09, 2021 3:48 pm
by Romextly
This should be in FI&N
Posted:
Tue Feb 09, 2021 3:51 pm
by Independence Hill
Romextly wrote:This should be in FI&N
What is FI&N?
Posted:
Tue Feb 09, 2021 3:53 pm
by Romextly
Independence Hill wrote:Romextly wrote:This should be in FI&N
What is FI&N?
Factbooks and National Information, a subforum
Posted:
Tue Feb 09, 2021 3:55 pm
by Independence Hill
Romextly wrote:Independence Hill wrote:What is FI&N?
Factbooks and National Information, a subforum
It is listed there as well, but there are no responses. Since this report has to do with economics, I think it's appropriate for this to be here in Global Economics and Trade. But I appreciate the feedback and am willing to do an economic report for your nation, if you'd like.
Posted:
Wed Feb 10, 2021 7:39 am
by Independence Hill
Date: 02/10/21
Total Population: 8.384B
Avg IQ: 122
Federal Tax Rate: 68.6%
Tanaska State Tax Rate: 3.9%
Huvuder State Tax Rate: 7.3%
Gleseral State Tax Rate: 7.9%
Sokana State Tax Rate: 6.2%
Rioters State Tax Rate*: 26.7%
Maunk State Tax Rate: 11.5%
Champal State Tax Rate*: 7.2%
Skerlak State Tax Rate*: 7.3%
Joseph Stockdale Business Index**: []39,409.1 (-[]7,326.84)
Erickson Manufacturing Index**: []9,540.69 (+294.86)
Varnacki Agricultural Index**: []1,990.58 (-471.4)
Total Exports: []29,801,441,705,854.52T
Total Imports: []28,273,986,941,910.19T
Total Net Exports: []1,527,454,763,944.33T
Total Consumption: []225,649,279,500,000
Avg Exchange Rate: $0.52 = []1.00
Absolute Exchange Rate: $1.00 = []1.94
Inflation Rate: -8.49% (Deflation)
Avg Unemployment Rate: 5.53%
Avg Income: Poorest 10%: []24,130.23 | Middle Class: []66,145.04 | Wealthiest 10%: []184,801.00
Money Supply: []203.1
Savings & Investment: []27.1
Velocity of Money: 1.25
Gross Regional Product: []253.1T
Gross Regional Product Per Capita: []30,187.24
*The Revolution equal and standardized to the Universal Treasury Note, but not accepted anywhere outside of the State of Rioters. The Universal Treasury Note legally must be accepted everywhere in the United States of Independence Hill.
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
Posted:
Wed Feb 10, 2021 11:38 am
by Miku the Based
Independence Hill wrote:Miku the Based wrote:What is the exchange rate expressed as?
The exchange rate is the value of your currency in relation to the U.S. Dollar.
Due to my inexperience with this subject I'll let my economic advisor do the talking.
Well the US dollar is not really the universal standard of value, since it itself inflates and is worth a lot less than it was worth 50 years ago, so that is a useless standard. According to Ricardo labour is the only invariable standard of value.
|
Posted:
Wed Feb 10, 2021 2:20 pm
by Independence Hill
Miku the Based wrote:Independence Hill wrote:The exchange rate is the value of your currency in relation to the U.S. Dollar.
Due to my inexperience with this subject I'll let my economic advisor do the talking.
Well the US dollar is not really the universal standard of value, since it itself inflates and is worth a lot less than it was worth 50 years ago, so that is a useless standard. According to Ricardo labour is the only invariable standard of value.
|
I feel for you, but he's wrong. Put a numerical value on labour and it can be measured. Without one, it cannot be measured and the currency is the next best standard.
Posted:
Wed Feb 10, 2021 8:48 pm
by Miku the Based
Independence Hill wrote: Put a numerical value on labour and it can be measured. Without one, it cannot be measured and the currency is the next best standard.
Uhm, labour hours, that does not vary over time.
Upon earning a time credit, a person does not need to spend it right away: they can save it indefinitely. However, since the value of a time credit is fixed at one hour, it resists inflation and does not earn interest.
--
wikipediaIf the whole economy is based upon labour money there are risks to paying incentives. There is a danger that the ‘hour’ would be devalued if people were paid two hours’ tokens for every hour worked. These incentive payments would be at the cost of others who would suffer a fall in their income. To prevent inflation and give the public some control over differentials, these would have to be ‘financed’ out of general taxation
To preserve equality between the issue of labour tokens and work performed, these tokens for non-workers cannot simply be ‘printed up’ (this would be inflationary); rather, they must be taxed away from the workers and transferred to the non-workers.
These are out of context quotes from Towards a new Socialism |
Posted:
Thu Feb 11, 2021 1:41 am
by Independence Hill
Miku the Based wrote:Independence Hill wrote: Put a numerical value on labour and it can be measured. Without one, it cannot be measured and the currency is the next best standard.
Uhm, labour hours, that does not vary over time.
Upon earning a time credit, a person does not need to spend it right away: they can save it indefinitely. However, since the value of a time credit is fixed at one hour, it resists inflation and does not earn interest.
--
wikipediaIf the whole economy is based upon labour money there are risks to paying incentives. There is a danger that the ‘hour’ would be devalued if people were paid two hours’ tokens for every hour worked. These incentive payments would be at the cost of others who would suffer a fall in their income. To prevent inflation and give the public some control over differentials, these would have to be ‘financed’ out of general taxation
To preserve equality between the issue of labour tokens and work performed, these tokens for non-workers cannot simply be ‘printed up’ (this would be inflationary); rather, they must be taxed away from the workers and transferred to the non-workers.
These are out of context quotes from Towards a new Socialism |
We use in game statistics. Labor hours isn't one of those statistics.
Posted:
Thu Feb 11, 2021 1:46 am
by Independence Hill
It would be one thing if what you say can be applied to the game, but you only have abstract theory. I have numbers and a framework already established from the game in which to apply them.
Posted:
Thu Feb 11, 2021 3:51 pm
by Independence Hill
Date: 02/11/21
Total Population: 8.1674B
Avg IQ: 125.52
Federal Tax Rate: 67.3%
Tanaska State Tax Rate: 3.9%
Huvuder State Tax Rate: 7.3%
Gleseral State Tax Rate: 7.9%
Sokana State Tax Rate: 6.2%
Maunk State Tax Rate: 11.5%
Champal State Tax Rate: 7.2%
Skerlak State Tax Rate: 7.3%
Yauria: 4.5%
Joseph Stockdale Business Index**: []39,409.1 41,069.5(+[]1,660.4)
Erickson Manufacturing Index**: []9,540.69 10,176.18 (+[]635.49)
Varnacki Agricultural Index**: []3,176.28 (+[]1,185.7)
Total Exports: []37,954,716,333,964.08T
Total Imports: []38,211,612,780,772.91T
Total Net Exports: -[]256,896,446,808.83B
Total Consumption: []285,086,947,750,000
Avg Exchange Rate: $.88 = []1.00
Absolute Exchange Rate: $1.00 = []1.95
Inflation Rate: -8.02% (Deflation)
Avg Unemployment Rate: 4.89%
Avg Income: Poorest 10%: []21,879.98 | Middle Class: []68,184.57 | Wealthiest 10%: []240,535.00
Money Supply: []201.6
Savings & Investment: []50T
Velocity of Money: 1.24
Gross Regional Product: []251.6T
Gross Regional Product Per Capita: []30,805.22
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
Posted:
Fri Feb 12, 2021 8:06 am
by Independence Hill
Date: 02/12/21
Total Population: 11.7B
Avg IQ: 125.52
Federal Tax Rate: 67.3%
Tanaska State Tax Rate: 3.9%
Huvuder State Tax Rate: 7.3%
Gleseral State Tax Rate: 7.9%
Sokana State Tax Rate: 6.2%
Maunk State Tax Rate: 11.5%
Champal State Tax Rate: 7.2%
Skerlak State Tax Rate: 7.3%
Yauria State Tax Rate: 4.6%
Italian Community State Tax Rate: 54.5%
Joseph Stockdale Business Index**: []42,599.97 (+[]1,660.4)
Erickson Manufacturing Index**: []10,653.79 (+[]477.61)
Varnacki Agricultural Index**: []3,078.15 (-[]-98.13)
Total Exports: []38,933,894,021,936.18T
Total Imports: []38,940,368,703,828.61T
Total Net Exports: -[]6,474,681,892.61B
Total Consumption: []290,362,249,500,000
Avg Exchange Rate: $0.24 = []1.00
Absolute Exchange Rate: $1.00 = []1.85
Inflation Rate: -14% (Deflation)
Avg Unemployment Rate: 4.9%
Avg Income: Poorest 10%: []21,203.97 | Middle Class: []70,503.24 | Wealthiest 10%: []255,244.00
Money Supply: []273.8
Savings & Investment: []33.4T
Velocity of Money: 1.18
Gross Regional Product: []323.8T
Gross Regional Product Per Capita: []27,736.53
Economic Outlook: Recession, recovering with ongoing deflation
National Civil Rights: 71.15 (Excellent)
National Economy: 78.2 (Very Strong)
National Political Freedom: 66.88 (Very Good)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
Posted:
Fri Feb 12, 2021 5:05 pm
by New-Lusitania
Can you do a report for individual nations?
If so could you do one for New Lusitania?
Posted:
Fri Feb 12, 2021 6:07 pm
by Independence Hill
New-Lusitania wrote:Can you do a report for individual nations?
If so could you do one for New Lusitania?
Yes, and I'd be happy to do one for you.
Posted:
Fri Feb 12, 2021 6:27 pm
by Independence Hill
Date: 02/12/21
Total Population: 14,000,000 M
Avg IQ: 111.94
Tax Rate: 8%
Business Index**: 42,183.34
Manufacturing Index**: 9,416.67
Agricultural Index**: 6,732.37
Total Exports: $14,282,184,105.24 B
Total Imports: $14,825,383,033.13 B
Total Net Exports: $543,198,927.89 M
Total Consumption: $104 B
Absolute Exchange Rate: $1.00 = 2.5532 Lusitanian Dollars
Inflation Rate: N/A (more than one report needs to be done in order to calculate inflation)
Unemployment Rate: 9.3%
Avg Income: Poorest 10%: $29,757.20 | Middle Class: $66,704.80 | Wealthiest 10%: $133,210
Money Supply: 66 B
Savings & Investment: $12 B
Velocity of Money: 1.76
Gross Regional Product: $116 B
Gross Regional Product Per Capita: $8,263.41
**The Business, Manufacturing, and Agricultural Indexes group together prices of these sectors to help investors determine the overall direction of stock prices.
Posted:
Tue Feb 16, 2021 1:58 am
by Independence Hill
Date: 02/16/21
Total Population: 23.3B
Avg IQ: 104.08
Federal Tax Rate: 66.5%
Joseph Stockdale Business Index**: []40,184.66 (-[]2,415.31)
Erickson Manufacturing Index**: []9,793.94 (-[]859.85)
Varnacki Agricultural Index**: []2,759.32 (-[]318.83)
Total Exports: []65,780,653,246,202T
Total Imports: []66,117,526,870,150T
Total Net Exports: -[]336,873,623,948B
Total Consumption: []489T
Avg Exchange Rate: $0.23 = []1.00
Absolute Exchange Rate: $1.61 = []1.00
Inflation Rate: -25% (Deflation)
Avg Unemployment Rate: 4.06%
Avg Income: Poorest 10%: []31369.48 | Middle Class: []74,353.2 | Wealthiest 10%: []197,155.00
Money Supply: []648.7T
Savings & Investment: []209.7T
Velocity of Money: 1.08
Gross Regional Product: []698.7T
Gross Regional Product Per Capita: []30,032.05
Economic Outlook: Recession, recovering with ongoing biflation
National Civil Rights: 70.57 (Excellent)
National Economy: 83.18 (Thriving)
National Political Freedom: 66.94 (Very Good)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
(The Duchy is equal and standardized to the Universal Treasury Note but is not accepted anywhere outside of the State of Italian Community. The Universal Treasury Note legally must be accepted in every State of the United States of Independence Hill.)
Posted:
Wed Feb 17, 2021 6:42 pm
by Independence Hill
Date: 02/17/21
Total Population: 23.4B
Avg IQ: 104.1
Federal Tax Rate: 65.8%
Joseph Stockdale Business Index**: []40,535.3 (+[]350.64)
Erickson Manufacturing Index**: []9,824.36 (+[]30.42)
Varnacki Agricultural Index**: []2,450.62 (-[]-308.7)
Total Exports: []85,040,511,931,668T
Total Imports: []85,000,948,801,780T
Total Net Exports: +[]39,563,129,888B
Total Consumption: []637,795,606,500,000T
Avg Exchange Rate: $0.24 = []1.00
Absolute Exchange Rate: $1.00 = []1.63
Inflation Rate: -24.19% (Deflation)
Avg Unemployment Rate: 4.3%
Avg Income: Poorest 10%: []31,374.3 | Middle Class: []74,527.57 | Wealthiest 10%: []197,505
Money Supply: []652.3T
Savings & Investment: []64.5T
Velocity of Money: 1.07
Gross Regional Product: []702.3T
Gross Regional Product Per Capita: []30,045.83
Economic Outlook: Recession, recovering with ongoing deflation
National Civil Rights: 70.56 (Excellent)
National Economy: 83.23 (Thriving)
National Political Freedom: 69.19 (Very Good)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
(The Duchy is equal and standardized to the Universal Treasury Note but is not accepted anywhere outside of the State of Italian Community. The Universal Treasury Note legally must be accepted in every State of the United States of Independence Hill.)
Posted:
Thu Feb 18, 2021 5:23 pm
by Independence Hill
Date: 02/18/21
Total Population: 23.5B
Avg IQ: 104.11
Federal Tax Rate: 65.9%
Joseph Stockdale Business Index**: []40,552.57 (+[]17.27)
Erickson Manufacturing Index**: []9,776.36 (+[]47.78)
Varnacki Agricultural Index**: []2,458.39 (-[]7.77)
Total Exports: []85,764,260,317,344.00T
Total Imports: []85,775,842,620,894.00T
Total Net Exports: -[]11,582,303,550B
Total Consumption: []643,501,785,500,000.00
Avg Exchange Rate: $0.50 = []1.00
Absolute Exchange Rate: $1.00 = []1.63
Inflation Rate: -24.18% (Deflation calculated to 02/06/21)
Avg Unemployment Rate: 4.2%
Avg Income: Poorest 10%: []31,403.27 | Middle Class: []74,483.47 | Wealthiest 10%: []197,323.00
Money Supply: []667T
Savings & Investment: []73T
Velocity of Money: 1.07
Gross Regional Product: []717T
Gross Regional Product Per Capita: []30,532.47
Economic Outlook: Domestic exchange rates inflating, international exchange rates still on the decline. Employment has rebounded. Recession is over, but growth remains minimal.
National Civil Rights: 70.63 (Excellent)
National Economy: 83.2 (Very Strong)
National Political Freedom: 69.45 (Excellent)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
(The Duchy is equal and standardized to the Universal Treasury Note but is not accepted anywhere outside of the State of Italian Community. The Universal Treasury Note legally must be accepted in every State of the United States of Independence Hill.)Date: 02/18/21
Total Population: 23.5B
Avg IQ: 104.11
Federal Tax Rate: 65.9%
Joseph Stockdale Business Index**: []40,552.57 (+[]17.27)
Erickson Manufacturing Index**: []9,776.36 (+[]47.78)
Varnacki Agricultural Index**: []2,458.39 (-[]7.77)
Total Exports: []85,764,260,317,344.00T
Total Imports: []85,775,842,620,894.00T
Total Net Exports: -[]11,582,303,550B
Total Consumption: []643,501,785,500,000.00
Avg Exchange Rate: $0.50 = []1.00
Absolute Exchange Rate: $1.00 = []1.63
Inflation Rate: -24.18% (Deflation calculated to 02/06/21)
Avg Unemployment Rate: 4.2%
Avg Income: Poorest 10%: []31,403.27 | Middle Class: []74,483.47 | Wealthiest 10%: []197,323.00
Money Supply: []667T
Savings & Investment: []73T
Velocity of Money: 1.07
Gross Regional Product: []717T
Gross Regional Product Per Capita: []30,532.47
Economic Outlook: Domestic exchange rates inflating, international exchange rates still on the decline. Employment has rebounded. Recession is over, but growth remains minimal.
National Civil Rights: 70.63 (Excellent)
National Economy: 83.2 (Very Strong)
National Political Freedom: 69.45 (Excellent)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
(The Duchy is equal and standardized to the Universal Treasury Note but is not accepted anywhere outside of the State of Italian Community. The Universal Treasury Note legally must be accepted in every State of the United States of Independence Hill.)
Posted:
Sat Feb 20, 2021 5:11 am
by Independence Hill
b]Date[/b]: 02/20/21
Total Population: 23.7B
Avg IQ: 104.2
Federal Tax Rate: 65%
Joseph Stockdale Business Index**: []41,174.94 (+[]622.37)
Erickson Manufacturing Index**: []9,789.66 (+[]13.3)
Varnacki Agricultural Index**: []3,078.15 (+[]24.09)
Total Exports: []89,546,167,062,316.00T
Total Imports: []89,546,906,088,111.00T
Total Net Exports: -[]739,025,795.00M
Total Consumption: []671,632,634,000,000.00T
Avg Exchange Rate: $0.41 = []1.00
Absolute Exchange Rate: $1.66 = []1.00
Inflation Rate: N/A (Reset)
Avg Unemployment Rate: 4.15%
Avg Income: Poorest 10%: []31,554.13 | Middle Class: []75,111.13 | Wealthiest 10%: []199,065.00
Money Supply: []706.2T
Savings & Investment: []84.6T
Velocity of Money: 1.07
Gross Regional Product: []756.2T
Gross Regional Product Per Capita: []31,795.09
Economic Outlook: Domestic value of currency is inflating, international value of currency is back to normal. Steady Growth.
National Civil Rights: 70.51 (Excellent)
National Economy: 84.05 (Thriving)
National Political Freedom: 70 (Excellent)
**The Joseph Stockdale Index, Erickson Manufacturing Index, and the Varnacki Agricultural Index groups together prices of business, manufacturing, and agricultural sectors. These are indexes that help investors determine the overall direction of stock prices.
(The Duchy is equal and standardized to the Universal Treasury Note but is not accepted anywhere outside of the State of Italian Community. The Universal Treasury Note legally must be accepted in every State of the United States of Independence Hill.)