A country has only been in existence for two years

Assignment Help Business Economics

Reference no: EM131385455

A country has only been in existence for two years.

In the first year, receipts were $1.5 million and outlays were $2.0 million.

In the second year receipts were $2 million and outlays were $2.5 million

At the end of the second year, the government had issued debt worth

1. $0.5 million

2. -$0.5 million

3. $1.0 million

4. -$1.0 million

Reference no: EM131385455

Questions Cloud

Exchange rate between the peso and dollar : If the exchange rate between the Mexican Peso and the U.S.$ is 3 Pesos=1$. If this rate changed to 2 Pesos=1$. Are the Mexican exports cheaper or more expensive due to this change? What can the Mexican policy makers do to return to the initial exchan..

About issues related to exchange rates : Here, in this forum, I expect you to talk about issues related to exchange rates - their impact on national economies when they change, their different equilibrium concepts (PPP and IP), how governments manage them (fixed or flexible or in-between).

Output where the demand for their product is inelastic : “A producer who is attempting to maximize wealth (or profit) will never knowingly set their output where the demand for their product is ‘inelastic.’” Refute or prove this statement. Does your answer depend on whether the producer is a price taker or..

The wealth maximizing output for a price searcher : In class is was claimed that at the wealth maximizing output for a price searcher who is making zero (economic) profits, the Average Total Cost Curve must be tangent to the Demand Curve rather than merely be equal to but bisecting the Demand (either ..

A country has only been in existence for two years : A country has only been in existence for two years. In the first year, receipts were $1.5 million and outlays were $2.0 million.

The equivalent uniform annual cost : At an interest rate of 2 % per month, money will double in value in how many months? A manufacturer purchased $15,000 worth of equipment with a useful life of six years and a $2000 salvage value at the end of the six years. Assuming a 12 % interest ..

Which social media tools are used by the google : Which social media tools are used by the Google? (please provide links - at least 4). How good the Google is in leveraging the various social media tools?

Explain cournot competition : Explain Cournot competition. Illustrate and explain strategic substition. Illusrate and discuss the operation of the Cournot model as it relates to the empirical evidence regarding 1) price markups over marginal cost and the number of competitors and..

Two firms in the market for decorative lampshades : Suppose that there are only two firms (Firm A and Firm B) in the market for decorative lampshades. Letthe inverse demand function and the total cost function be given by P = 50 –Q and TC = 2Q. How many lampshades will Firm A choose to produce?

User Account

All Pages