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You are given the following budget data for a country that has both a central government and local governments.
Central purchases of goods 500Local purchases of goods 250Central transfer payments 200 Local transfer payments 100Grants in aid (central to local) 150Central tax receipts 800 Local tax receipts 150 Interest received from private sector by central government 25Interest received from private sector by local governments 10Total central government debt 1500 Total local government debt 0Central government debt held by local governments 300Nominal interest rate 10%
a) How much is the deficit for the central government, the local government,and the total of the central and local governments?The deficit for the central government is ...The deficit for the local government is ...The total of the central and local governments is ...
b) How much is the primary deficit for the central government, thelocalovernment, and the total of the central and local governments?The primary deficit for the central government is ...The primary deficit for the local government is ...The total of the central and local governments is...
would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate
address a professional meeting and explain microeconomics macroeconomics and their differences. please answer the
What is being held constant when the supply curve is constructed for a specific good like pizza of automobiles? Explain why the supply curve for a good slopes upward to the right.
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..
Explain these three detailed explanations as to how increases in demand for manufactured goods or the “consumer revolution” fostered the industrial revolution in Great Britain: (3 pts) Increases in the extent of the market, (3 pts) Focussing device, ..
Determine how the issue of time affects the consumptive choices you make. Provide specific examples to support your response. Discuss ways that the relative scarcity of personal savings in the U.S. may impact business growth.
Immediately after the second payment, the terms of the agreement are changed to allow the balance due to be paid off in a single payment the next year. What is the final single payment? (final answer should be $7778).
Explain why the Kondratiev cycle may no longer apply to the study of the US economy and its business cycles?
each class member shall prepare a written report concerning the performance of a company of their choice.
china mobile offers nine price plans for its worldwide connect service in the city of nanjing. the cheapest plan
Describe how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X*Y UB(X,Y) = 2X + Y The initial endowments are: A: X = 4; Y = 2 B: X = 6; Y = 8
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