letra de talk about money - nfs (not for sale
[verse 1: the notorious fat sensei, preacher n jelly bomb]
y’all know me, gdp
but i been low key
hated on by most these countries
with no deals, no g’s. oh please!
no wheels and no keys
no boats, no snowmobiles, and no skis
without money, you suddenly can’t
provide your fam with groceries
another hard fact; norwegians are forced to pay income tax
‘cos their country is lead by jacks
whose campaign was not funded by super pacs
did y’all think this was gonna be a breeze?
oh please!
we’ll take your tax money with ease
like thieves
‘cos that’s norway’s policy
gdp only serves one purpose
to calculate all value of goods and services
but how do you find gdp?
y= c+i+g+nx
it’s quite remarkably complex
c is for consumption
i stands for investment
g is for government purchases – of goods and services
while nx is a nation’s total net exports
it’s calculated by subtracting a country’s
total exports from its imports
if your imports exceed your exports it’s called a trade deficit
trade surplus is the completely opposite
norway’s gdp is at 500 billion dollars
that’s enough to buy 2000 westland choppers
divide all this by the countries population
and you have the gdp/capita
so dear y’all, all of y’all
y’all better to listen to the gdp
if you don’t you gonna have to mess with me
[hook: the notorious fat sensei, preacher n jelly bomb]
norway’s economy is so interesting
‘cos you get to talk about bling
but it might be a little difficult to learn about
so let us help you out
and talk about money
norway’s economy is so interesting
‘cos you get to talk about bling
but it might be a little difficult to learn about
so let us help you out
and talk about money
[verse 2: preacher n jelly bomb]
here is another term you shall know;
circular flow
it’s quite complex so lets take it real slow
circular flow is a model that indicates how money and goods is transferred among producers and consumers
if you still don’t understand a tiny bit
here is a diagram to show it (shows diagram)
function of households is to supply domestic firms with needed factors of production
and if you work in the field
that studies the behaviour of the aggregate economy
you’re a macro-economist
inflation and deflation
those are both things that affect our nation
deflation is the disinclination of the general level of prices within an economy when you need less money
inflation is the fixation of prices slowly rising, surprising?
[hook: the notorious fat sensei, preacher n jelly bomb]
norway’s economy is so interesting
‘cos you get to talk about bling
but it might be a little difficult to learn about
so let us help you out
and talk about money
norway’s economy is so interesting
‘cos you get to talk about bling
but it might be a little difficult to learn about
so let us help you out
and talk about money
[verse 3: the notorious fat sensei]
now i’m going to talk about market basket. listen to me or i’ll put you in your casket. mb is the common goods of an average household, listen to this song and see what it withholds
the last thing we need to talk about in this track is tax
a tax is a financial charge imposed upon a taxpayer by a state
every country has a different tax rate
norway’s tax rate is at 39 percent
but before you whine like honey boo boo
high taxes can be good for you too
tax money is spent on things such as education, health care, roads and public transportation
this is all something that helps norway
now and for future generations
there are 3 types of tax;
sales, progressive, and flat
progressive tax is the one used in norway and its
a tax in which the tax rate increases as the taxable amount
increases
lets picture a scenario. if you had ten dollars and the progressive tax rate was ten percent, they would take back 1 dollar
this song is almost over and we hope we taught you well
norway’s economy in a nutsh-ll
[hook: the notorious fat sensei, preacher n jelly bomb]
norway’s economy is so interesting
‘cos you get to talk about bling
but it might be a little difficult to learn about
so let us help you out
and talk about money
bibliography
aircraft compare. (n.d.). agusta westland aw101 merlin. retrieved november 23, 2015, from aircraft compare: aircraftcompare.com,. ‘welcome to aircraft compare’. n.p., 2015. web. 25 nov. 2015
cia. (n.d.). norway. retrieved november 17, 2015, from cia world factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/no.html
cooper, z. (n.d.). norway’s economy. retrieved november 7, 2015, from norway’s economy
the circular flow of income. (n.d.). the circular flow of income. retrieved november 17, 2015, from economics online: http://www.economicsonline.co.uk/managing_the_economy/the_circular_flow_of_income.html
trading economics. (n.d.). norway personal income tax rate. retrieved november 17, 2015, from trading economics: http://www.tradingeconomics.com/norway/personal-income-tax-rate
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