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By the numbers. Using the Survey of Current Business or the Economic Report of the President, find answers to the following questions:
(a) What was the federal budget deficit or surplus in 2011 In 2012?
(b) How much did spending for highways by state and local governments increase between 2000 and 2010 before and after adjusting for inflation? What happened to per capita spending for highways?
(c) Which states were highest and lowest in per capita property taxes? Were they the same states that were highest and lowest in property taxes as a percent of personal income? If not, explain the difference.
(d) What has happened to federal defense spending-total, inflation-adjusted, and per capita-since the early 1980s?
The variance of X is equal to 33.25 and the population variance of u is equal to 160,000. Using equation (3.29), show that the standard deviation of the probability density function of the coefficient of X is equal to 15.5. Are the standard errors..
A. If the interest rate is 35%, what is the maximum you can spend in the current period B. If the interest rate was lower, you probably would be able to spend more than that. What would be the maximum interest rate that would allow you to spend $2..
There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry
At what rate is the top of the ladder descending when the top of the ladder is 12 feet above the ground?
Discuss the adjustment process of the economy, and using Figure 3-5 , show what happens to growth in the short run and in the long run.
Maureen Laird is the chief financial officer for the Alva Electric Co., a major public utility in the midwest. The company has scheduled the construction of new hydroelectric plants 5, 10, and 20 years from now to meet the needs of the growing pop..
Assume that demand for a commodity is represented by the equation P = 10 - 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium condi..
A firm is analyzing if entering into a market is profitable. A brilliant young economist, who is Director of Economic Research in this firm, has estimated that demand would be Q(p) = 100-2p. She has also estimated that the cost function would be C..
Plot this utility function for values of income in the range 1. . . 36.
Does the federal budget deficit ever translate into a multiplier effect through government expenditures that create jobs How did the American Recovery and Reinvestment Act (ARRA) of 2009 have an economic impact
Boris Borrower and Lynn Lender agree that Lynnwill lend Boris $10,000 and that Boris will repay the $10,000 withinterest in one year. They agree to a nominal interest rate of 8%,reflecting a real interest rate of 3% on the loan
The accompanying graph shows the market for loanable funds in equilibrium. Which might produce a new equilibrium interest rate of 8% and a new equilibrium quantity of loanable funds of $150. what will shift the equilibrium right from $100 to $150 ..
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