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Suppose GDP equals $9 trillion, consumption share is 0.7 and the government expenditure share is 0.2. Suppose this economy has a budget surplus of $800 billion.
b. If the government increased the tax income by 15%, find public saving, taxes, private saving, national saving, and investment based on the assumption that consumers save all extra income
c. Redo part b when consumers save exactly half of the extra income.
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
Comment upon Hollander’s (1992) suggestion that the leader-follower relationship is strongly affected by the “perceptions, misperceptions, and self-oriented biases” brought to the relationship by the follower.
The so-called "recognition lag" associated with fiscal policy is a result of how slowly the U.S. Congress moves. The Social Security program is a retirement system where payments to retirees come from their previous contributions. The more progressiv..
Would you argue that large scale operations are more or less efficient or that they have too much market power? Do they reduce consumer choice? What is your position?
Illustrate what new decisions will you make regarding production levels also pricing for your Widget facility.
q1. a firm hires 2 workers also rents 15 acres of land for a season. it produces 150000 bushels of crop. if it had
Wade’s solution to prevent crises such as the Asian financial crisis involves each of the following components EXCEPT:
Which of the five characteristics listed in the text for human service professionals do you think is most important? Explain why.
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Due to ever-accelerating technological growth, _________________ unemployment is on the rise worldwide.
In countries such as Zimbabwe, which had problems with high inflation, the increased use of another country’s currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred?
Describe briefly one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
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