What has been the largest component since then

Assignment Help Econometrics
Reference no: EM131136189

Table 19-8 shows how the U.S. government's spending has changed over the last several decades.

a. Calculate how much total spending as a percentage of GDP has increased since the 1960s.

b. In the 1960s (due largely to spending for the war in Vietnam) defense spending was the single largest component of total outlays. What has been the largest component since then?

c. What types of outlays does the table suggest are responsible for growth in total spending since the 1960s?

1997_98204668-a69d-478d-bd57-b0369ab41ef0.png

Reference no: EM131136189

Questions Cloud

Decide to complete competitor analysis : In the determination of opening the Bark and Brew Café, you decide to complete a competitor analysis. Would you use a product form or a product category competition analysis? Why? What would be the source of your information?
Why texas government still bans same sex marriage : Why Texas government still bans same sex marriage even if same sex marriage have already become legalization
Calculate cross elasticity of demand between tea and coffee : Quantity demanded for tea has increased from 300 to 400 units with an increase in the price of the coffee powder from Rs 25 to Rs 35. - Calculate the cross elasticity of demand between tea and coffee.
Presented below is the basic accounting equation : Presented below is the basic accounting equation. Determine the missing amounts.
What has been the largest component since then : Calculate how much total spending as a percentage of GDP has increased since the 1960s.
A sales analyst wants to determine : A sales analyst wants to determine whether there is a difference in the mean monthly sales of a company's four sales regions. Several salespersons from each region are randomly selected and each provides his or her sales amounts (in thousands of d..
Powers between the states and federal government : Let's take a look at federalism. Many state that the federal government trumps the state and local governments. See the article below. What do you think about this division of powers between the states and federal government
Net income for the month of july : Summarized operations for J. R. Ross Co. for the month of July are as follows.
About expectations in application interviews : A random sample of 50 university admissions officers was asked about expectations in application interviews. Of these sample members, 28 agreed that the interviewer usually expects the interviewee to have volunteer experience doing community proje..

Reviews

Write a Review

Econometrics Questions & Answers

  Compute the debt-to gdp ratio in 10 years

Using your favorite spreadsheet software, compute the debt-to-GDP ratio in 10 years, assuming that the primary deficit stays at 4% of GDP each year; the economy grows at the normal growth rate in each year; and the real interest rate is constant, ..

  Calculate the elasticity of demand and elasticity of supply

A. Calculate the equilibrium price and equilibrium quantity of rice for 2009. B. Calculate the elasticity of demand and elasticity of supply; what do you conclude from these answers whether these are elastic or inelastic.

  What is the expected return on the equity

Company A just paid a $3.00 dividend per share. The dividend is expected to grow at a 4% rate indefinitely. The beta of the stock of Company A is 1.5. The market risk premium is 8% and the risk-free rate is 3%. (a) What is the expected return on t..

  How much does the second annuity pay each year

The applicable discount rate is 7 percent. One annuity pays $4,000 on the first day of each year for twenty years. How much does the second annuity pay each year for twenty years if it pays at the end of each year.

  What total surplus will result from transaction between two

Consider a seller who values a car at $9,500 and a buyer who values the same car at $10,000. What total surplus will result from a transaction between the two when the seller is faced with the following sales tax rates: 0%, 2%, 4%, 6%, and 8%

  Determine a threshold for annual demand

Flanger is an industrial distributor that source from hundreds of supplier .The two modes of transportation available for inbound shipping are LTL (less-than-truckload) and TL (truck-load).LTL shipping cost $1 per unit, whereas TL shipping cost $4..

  Explain the central limit theorem

Explain the central limit theorem in the context of the current problem, and indicate how it was useful in finding these probabilities - Find the critical Z values

  The income tax system in a country requires each citizen to

the income tax system in a country requires each citizen to pay 10 of income on earnings up to 40000 and then pay 20 on

  1 a under a strict command-and-control framework suppose

1. a. under a strict command-and-control framework suppose abatement standards are set equally across polluters. assume

  Define a general equilibrium in this economy

Consider a two-onsumer exchange economy. Consumer 1 and 2 have utility functions: U1(x, y) = x2/3y1/3 U2(x, y) = x1/2y1/2Initial endowment e1=(18,7) (It means consumer 1 has 18 units of x and 7 units of y initially), e2=(15,16).

  Which person has comparative advantage in chickens

Suppose two people, Michelle and James each live alone in an isolated region. Both have the same resources available, and the grow potatoes, and raise chickens. If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of..

  How many workers firms hire at the mandated wage

Wage rigidity: Consider an economy with the following Cobb- Douglas production function: Y=K^(1/3)L^(2/3)The economy has 1,000 units of capital and a labor force of 1,000 workers. a. Derive the equation describing labor demand in this economy as a fu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd