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1. Do you own a home with a mortgage? If so, by how much does the mortgage intrest deduction reduce your taxes? If you dont own a home, assume you did and that you had a $150,000 mortgage with a 6 percent intrest rate. Your income tax rate is 15 percent and you itemize deductions. what would be the value to you of the mortage intrest deduction?
2. Why would a tax credit for mortgage intrest be worth more to lower income families than a deduction? Would you favor changing the benefit from a tac deduction to a tax credit? What other changes might you want to make at the same time? WHY?
3.Do you share the view that owning a home makes you a better citizen? Why or why not? In what ways would you expect owners an renters to behave differently as members of teir communities??
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Illustrate what are the factors that determine the demand for and provide of money.
Brand X contains 20, 2 and 1 units of the minerals, while Brand Y contains 4, 1, 2 units of the minerals respectively. Brand X costs $18 per kg while Brand Y costs 6 per kg.
What is value of net domestic product. What is value of net investment.
Between two production technologies firm can choose a new product line. If it installs expertise 1, it's annually costs.
Illustrate what output level would a perfectly competitive firm produce.
illustrates what is a possible analytical tool to study the impact of WTO's trade rule on economic development of SSA?
Elucidate what is meant by the paradox of mercantilism. Explain how was this reflected in mercantilist wage and population policies.
Illustrate which combination of fiscal policy actions would be most contractionary for an economy experiencing severe demand-pull inflation.
Elucidate how much should Joseph's income increase to compensate for the rise in the prices of roses.
Assume the annual demand for liquor in Mississippi. The supply of liquor is given by the equation Qs= 30,000P. Solve for the equilibrium annual quantity and price of liquor.
Calculate GNP, GDP, and aggregate income. GDP = $ GNP = $ Aggregate income = $ b) What is depreciation in this year? Depreciation = $ c) What is NDP? NDP = $
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