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Suppose government purchases amount is $3.5 trillion, transfer payments amount is $0.5 trillion, net interest payments are $0.25 trillion and tax revenue is valued at $2 trillion.
a) calculate the amount of the government deficit;
b) calculate the primary deficit.
What do the data in exhibits 1 &2 tell us about Brazil's economic performance over the last 30 years. Critically evaluate Brazil's performance during the 2000's: The Lula Years. How would you, as newly elected leader of Brazil, address the "custo Bra..
Keeping your money in a bank seems like a good idea. However, from time to time, depositors lose confidence in banks. we learned that when many people lose confidence in a bank at the same time it is called a “bank run”, and when this happens to many..
Sam has a utility function U(x,y)=min{4x+y,5y} where x is measured on the horizontal axis and y on the vertical axis. On a clearly labeled graph, draw Sam’s indifference curves for U(x,y)=5 and U(x,y)=10. Explain carefully every steps of your draw.
Suppose that fixed cost for a firm in the automobile industry is $5 billion (i.e., F = 5 billion) and that variable cost costs are equal to $17,000 per finished product (i.e., c = 17, 000). Calculate the equilibrium number of firms in the U.S. and Eu..
Graph the supply and demand curves. Please identify the x and y axis properly, the Price and quantity intercepts and equilibriumraph the supply and demand curves. Please identify the x and y axis properly, the Price and quantity intercepts and equili..
What do you think of the No Child Left Behind Act, especially its requirements that schools test their students annually? Do you think these test are accurate indicators of school quality? Do you see any problems associated with the testing programs?
Considering a machine which will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected saving from annual operating and maintenance costs are estimated to be $60,000.To expect a 15% rate of return..
The five basi modes of transportation have been available for well over 50 years. Is this the way it will be always be, or can you identify a sixth mode that may become economically feasible in the foreseeable future?
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
Felix Jones, a recent engineering graduate, expects a starting salary of $65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. If inflation is estimated to be 4% per year for the next 3 years, ..
The demand for candy bars is given by P = 5 - 0.01Q, where P is measured in dollars and Q in candy bars. At what point is revenue maximized? If the supply curve is given by Q = 10P, what is the equilibrium price?
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