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Net interest outlays and national debt
1. What are the three major categories of revenues for the federal government?
2. What are the three major categories of expenditures for the federal government?
3. Explain whether or not we should be concerned with net interest outlays and national debt.
4. What major concerns are there about the federal budget in the long run?
5. How would you, as president, recommend those concerns be dealt with?
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
An University President wants to reduce expenditures on fringe benefits
Countdown to a new agreement might galvanize development assistance debates. What do you think will happen and should happen- and why.
Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound-The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
Assume the 3 firms compete for market share over an infinite time horizon. Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
Graph the isoquant that these calculations imply. Explain in very clear and complete terms why the isoquant has the shape that you observe.
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
What is the present value of $300 to be paid in two years if the interest rate is 12%? What happens to reserves at Third National Bank if one person withdraws $2,000 of cash and another person deposits $750 of cash?
Compute the coefficient of price-elasticity of supply for the seven prices ranges given above and complete the table.
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