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In the United States' currency union, we seem never to worry if a state has a big cur- rent account de?cit. Have you ever seen such data in the newspaper? Can you even ?nd the data in any U.S. government statistical sources? For example, one would guess that the state of Louisiana ran large current account de?cits after it was devastated by Hurricane Katrina in 2005. But Louisiana's possible current account de?cit was not deemed worthy of coverage by the ?nancial press. We do know, however, that in 2008, Greece had a current account de?cit of 14.6 percent of GDP, Portugal had a de?cit of 12 percent of GDP, and Spain had a de?cit of 9.8 percent of GDP (Table 20-3). Should the governments of these countries worry about such large de?cits? (Hint: Relate your answer to the debate over the need for the SGP.)
Suppose that a consumer has a choice between two goods, X and Y. If the price of X is $2 and the price of Y is $3, how much of X and Y does the consumer purchase, given and income of $17? Use the following information about marginal utility?
Monetary and fiscal policies are said to have“lags.” What are lags and why do they exist? How arethe arguments for and against active policy decisions affected bythese lags?
Where is the price of peaches, is income, is the price of apricots, and is rainfall. Assume that and .
michael illitch bought the detroit tigers in 1992 for 82 million which amounted to 114.15 million in 2005 dollars. by
The demand function for Newton's Donuts has been estimated as follows:
question 1draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each of the
Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
How does electronic commerce influence importing? How does electronic commerce influence exporting? Describe and explain how the use of social media is impacting domestic and international trade.
Binomial Distribution. An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry.
Quarter One - Consumer income has been on the rise and it is predicted to rise again in the first quarter of this year. Mexico and Canada have been forecast to have a very good first quarter also with the income of their average citizen on the ri..
Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15 year expected life of the property. the investment cost is $8000 and i is 9% p..
Market Value of the final goods and services produced in the domestic economy= $1,15,000 of which goods worth $10,000 are distributed among the Tsunami Victims. Net factor income to abroad= 4000 and the govt. is offering subsidies to the producers..
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