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One requirement for a European economy for joining the euro in 1999 was a cut in government deficit. Based on European Economy data as regards current account balances (CA), private savings, private investment, government spending and taxes (all as percent of GDP) for the period 1995-99, explain their evolution and possible inter-relationships between them.
Data can be found on IMF or Eurostat databases
Critique each of these four approaches by listing the advantages and disadvantages of each.
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
The salvage value of the equipment is expected to be $140,000 for the first 3 years, but due to obso- lescence, it won't have a significant value after that. At an interest rate of 10% per year, determine the economic service life of the equipment..
What role do proper rights play in creating common property resources Why are common property resources subject to market failure due to non excludability a. What two properties characterize public goods
What is the CPI (Consumer Price Index) and what significance does it hold in regards to goods and services? Please explain in detail.
A network carrier serves some small cities close to its hub with regional jets which have much higher seat-mile-costs (CASM) than larger mainline jets. The average fare from these cities to the hub does not cover fully allocated costs. Is this ration..
Assume the annual cost of capital is 10% of the total investment( this represents annual fixed cost of the initial investment). At what production quantity per year would the brewery be indifferent between the two investment opportunities.
An apple grower charges $22 for a 40-pound crate of apple. If customers buy more than 5 crates, he reduces the price by $2 per additional crate. What number of crate per customer maximizes the grower's revenue per customer? What is the revenue max..
What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short run and long run.
why is culture change important in long-term care? select one type of long-term care and present 3 barriers to
What is inflation? What are the causes of inflation?
What is the value of total surplus in this market when the market is in equilibrium? Show how you calculated this value
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