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You are given the following budget data for a country that has both a central government and local governments.
Central purchases of goods 500Local purchases of goods 250Central transfer payments 200 Local transfer payments 100Grants in aid (central to local) 150Central tax receipts 800 Local tax receipts 150 Interest received from private sector by central government 25Interest received from private sector by local governments 10Total central government debt 1500 Total local government debt 0Central government debt held by local governments 300Nominal interest rate 10%
a) How much is the deficit for the central government, the local government,and the total of the central and local governments?The deficit for the central government is ...The deficit for the local government is ...The total of the central and local governments is ...
b) How much is the primary deficit for the central government, thelocalovernment, and the total of the central and local governments?The primary deficit for the central government is ...The primary deficit for the local government is ...The total of the central and local governments is...
Given your answer above, explain whether, all else equal, the supply of the IRP increases, decreases, or remains unchanged. Explain the reason for your answer and depict it on your graph above.
A study reported that a 10% increase in the price of cigarettes would reduce consumption by 4% in the short-run and by 7.5% in the long-run. Based on these estimates, what happens to the price elasticity of demand for cigarettes as more time elapses ..
Which has more impact: a doubling of the jobfinding rate or a halving of the job-separation rate? Does your result have any implications for government policy?
The MC of a firm under perfect competition
consumers typically pay a higher real interest rate to borrow than they receive when they lend by making bank deposits
why cash transfers typically would be preferred by recipients over in-kind transfers? write down the pros and cons of
The crowding-in effect depends on the sensitivity of investment
Coles and Woolworths exist as two large competitors in the supermarket retail industry. A marketing firm is interested in measuring dominancy in this specific industry by observing the percentage of market share over several months.
Sketch the supply and demand for emission permits. I'm not providing you with any information on demand, so just sketch any reasonable demand curve.
suppose the real side of an economy is characterized byy 80k12 l12k100 and l 100g 3000t 3000i 2000 - 6000rc 600
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
exercise 1a long time ago in a galaxy far far away the long run yearly demand and supply of moisture were qd 28 - p5
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