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Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in a state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in Table 3. How much tax of each type do you pay if you earn $20,000 a year? Taking all taxes into account, what are your average and marginal tax rates? What happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000?
Assume that the central bank takes the drastic strategy in part 1, but that the private sector has rational expectations.
Also that would you considers more likely, to longer-term- U.S. government bonds have a high interest rate than short-term U.S. government bonds or vice versa.
Think of a real-life example of a profit corporation or small business with which you are familiar.
Elucidate each of the following statements using supply- and- demand diagrams. a. " When a cold snap hits Florida, the price of orange juice rises in supermarkets through-out the country."
Illustrate what are implications for economic analysis if most people don't follow economic decision rule in many aspects of their decisions.
Elucidate what happened to Ikonomia's net foreign assets during 2007. Did it acquire or lose foreign assets during the year.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Under Illustrate what conditions are likely to be internalized without the necessity of government intervention
Comment on this trade-off between equity and growth. Explain how would you go about resolving the issue if you were the president of a small poor country.
If it wants to accomplish this change in the money supply using open-market operations, what should it do.
How does the standard product of labor change when the industry utilizes 81 units of labor.
Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters
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