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Suppose government purchases amount is $3.5 trillion, transfer payments amount is $0.5 trillion, net interest payments are $0.25 trillion and tax revenue is valued at $2 trillion.
a) calculate the amount of the government deficit;
b) calculate the primary deficit.
____________ measures the percentage change in the quantity of good x resulting from a percentage change.
Draw a graph to show the average total cost, average variable cost, average fixed cost and marginal cost curves for a competitive firm. A decrease in the annual rent the company pays on its transport storage facility. With the aid of relevant diagram..
The World Bank Doing Business Indicators measure the extent of business regulations in countries around the world. Compare the U.S., France, Japan, Brazil, and Nigeria in terms of how easily contracts are enforced, how property can be registered, and..
Assume firm A wants to merge with firm B for $7.5 billion. Before the potential merger, the market for the good produced by firm A and B consisted of five firms. The market was highly concentrated, with a Herfindahl-Hirschman index of 2,621. Firm B’s..
Anticipate how technology will transform business in the future. Give specific examples to support your response.
What is an externality? In a market without environment regulations, will the supply curve for a firm take into account private costs, social costs, both, or neither? Explain. What are three problems that economists have noted with regard to command-..
Pick a recent current event that makes causal claims. Locate a news article or story about that event. Begin to think about the causal claims being made. What evidence was presented? Was it adequate to establish a causal link?
Calculate a marginal cost as well as an average cost schedule for the firm.
In the game "Plinko" on The Price is Right a contestant drops a chip, which randomly falls into a slot that is market with a dollar designation. There are nine slots, two of which are market $0. tow are marked S100, two are market $500, tow are marke..
Find the optimal consumption bundle. Suppose that the consumer experiences an increase in real wage. Find the new optimal consumption bundle and determine the income and substitution eects. Clearly indicate both eects on consumption and leisure chose..
Illustrate what kinds of statistics, graphs, or illustrations does author include. In Illustrate what ways do se visuals strengthen author's arguments.
A German mutual fund sells Euros to a U.S. bank for $20,000. The mutual fund then uses these dollars to purchase a bond issued by United Express, a U.S. delivery company. As a result of these two transactions, what happened to U.S. net capital outflo..
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