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FINAL TEST
CARD XIX
What is value of Internet ?
Answer ;
We do have some measures of the size and scope of the internet economy. The internet contributed $1 trillion to Gross Domestic Product (GDP) and three million jobs to the U.S. economy in 2014, based on IA’s estimates. These figures are substantial, but they also oversimplify the true value that the internet provides to its users.
That “true value” has been much harder for policymakers to quantify and, so, we conduct conversations about the internet’s role and impact in society with incomplete information. We debate the theoretical undercounting of digital platforms’ contributions to productivity growth, but we are unaware that one third of Americans earn an extra $50-$75 (in the median) in extra income every month from the internet. We talk about policies designed for a monolith, but without individuals fully considered
Hardly anyone would disagree that individuals derive some value from free online search or real-time driving directions. The difficulty is in quantifying that value. There has been some recent research on this subject, however. Just this year Brynjolfsson, Collis, and Eggers released new insights on the consumer surplus provided by the internet through massive online choice experiments. The results are revealing.
Their findings point to massive value provided by the internet to consumers. They measure the annual consumer surplus in 2017 of various, typical internet activity as follows:10
Search engines: $17,530
Email: $8,414
Maps: $3,648
Video: $1,173
E-commerce: $842
Social media: $322
Messaging: $155
Music: $168
Those figures combined total just over $32,000 per year. In other words, the average person gains a value equivalent to approximately $32,000 per year from the free services on the internet. That translates to approximately $7.9 trillion in extra value when applied to all U.S. adults
What do you think of the idea of all education being online ?
Answer;
Online courses and degree programs are more convenient and cheaper than their counterparts in traditional education. Those are the two main advantages of online learning that lead many students to opt for online platforms when they want to earn a degree or certificate.
The best thing about online learning is that you can learn in a relaxed manner even if you don’t want to get certified. You only need passion for learning and a quick online search that will take you to the right course. From that point on, you will be the master of your own education
Online training is the art of knowledge transfer through the internet, from anywhere in the globe to targeted audiences who choose to learn a particular subject. Online training courses are of two kinds – free and paid versions. Professionals who excel in a particular field choose to teach and train students who are willing to take up online classes. Notes in PDFs, Word documents, video tutorials, and assessments are given as a package with the training modules, thereby helping students learn faster and easier. Also, some of the certifications and certificates that can be provided, to award candidates for their understanding capabilities, are highly valued by various organizations. Some companies offer training options before employees are made permanent in their jobs. This training does not end before the job begins: It rather continues through online courses by brushing up concepts and new technologies. Here are a few advantages of online training that showcase how it helps improve an employee's professional life.
What places of interest are there in London ?
Answer;
Places of Interest in London
There are a lot of places of interest in London. Among them there are: Westminster Abbey,the Houses of Parliament, Buckingham Palace, St Paul’s Cathedral, London Bridge, the Tower of London.
London stands on the river Thames. Crossing the river by the Tower Bridge you can see the Tower of London. It is one of the oldest buildings of the city. Many centuries ago it was a fortress, a royal palace and then a prison. Now it is a museum of arms.
On the bank of the Thames, not far from the Tower of London, you can see Westminster Palace, or the Houses of Parliament. It is the seat of the British government and it is one of the most beautiful buildings in London. In one of its towers there is famous Big Ben, the largest clock of England. It strikes every quarter of an hour.
Buckingham Palace is the Queen’s official London residence. Tourists always go to see the ceremony of changing the Guard there.
London has many fine squares. Some of them are quiet, others are busy like Trafalgar Square. Trafalgar Square is the central square of the city. To the right of the square there is the National Gallery which has a fine collection of European paintings.
St Paul’s Cathedral is the biggest English church. Another famous church is Westminster Abbey where kings, queens, and many famous people are buried.
London is also famous for its beautiful parks. Hyde Park is the most democratic park in the world, as anyone can say anything he likes there. Regent’s Park is the home of London Zoo. It is my dream to go to the beautiful city of London and I will definitely achieve it.
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