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Question: Continuing from the previous question, find nominal GDP for the United States in 2008 (you can find it elsewhere on the BEA site). Use this information along with your previous calculations to compute the following:
a. Gross national expenditure (GNE), gross national income (GNI), and gross national disposable income (GNDI)
b. In macroeconomics, we often assume the U.S. economy is a closed economy when building models that describe how changes in policy and shocks affect the economy. Based on the previous data (BOP and GDP), do you think this is a reasonable assumption to make? Do international transactions account for a large share of total transactions (involving goods and services, or income) involving the United States?
Two paragraphs 2 references with citations. Locate the most current "Best Hospitals" report from the U.S. News & World Report.
How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity.
Create a matrix identifying the roles, expenditures, and revenue for the federal, state, and local levels of government.
Using the numbers given in the table below, calculate the Taylor Rule interest rate for 2005. What would the Taylor Rule suggest about actual U.S. monetary policy that year
individuals firms governments and countries are faced with choices because all resources are scarce. a production
In your diagram, show that a family that considers food a necessity, given $M/3 in cash would spend less than $M/3 on food. What is the optimal bundle of this type of family if instead of receiving cash it received the SNAP card? g) At bundle H, i..
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes
Describe the behavior of consumption, investment, labor, productivity, wages, the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag.
Elucidate why the price elasticity of demand differ along a demand curve, even if the demand curve is linear.
Each day millions of Americans purchase millions of goods andservices. These goods are services are generally readilyavailable, as long as you have the necessary money to purchasethem. How is it possible for all of these goods and services
A 10-year, 10 percent annual coupon $1,000 bond trades at a yield to maturity of 8 percent. The bond has duration of 6.994 years. What is the modified duration of this bond?
Why are banks able to maintain reserves that are only a fraction of the demand and savings deposits of their customers? Is your money safe in a bank? Why or why not?
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