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According to the Congressional Budget Office, current projections estimate the Social Security program will have a zero balance in its trust fund sometime around 2040.
Predict the major changes that would need to occur within the program if the trust fund disappears. Provide a rationale for your position.
Economists agree that the solution to the Social Security crisis is relatively simple: take in more taxes or pay out fewer benefits.
From the, defend the option-i.e., taking in more taxes or paying out fewer benefits-that that you believe to be the more effective solution. Speculate upon the necessary rise in taxes or fall in benefits that would restore the fund's balance. Determine whether or not Peter Diamond would agree with your proposed solution. Provide a rationale for your response.
You will have to choose a recent article from a newspaper of magazine. This article must be from the last three months and relate to economics in some way.
write out the formulas for the bias variance and mean squared error of beta1. how do the bias variance and mean squared
Could someone please explain this I think it means that because of the large crop, farmers' incomes will fall because of the increase supply per farmer. Prices would then have to be competitively low to sell due to the high supply and as such the ..
In 2012, a group in Germany proposed a wealth tax - on building, machinery and equipment-that would be levied on all employers having at least $1.4 million invested in such assets. Use the labor market theory learned in this chapter to analyze the la..
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
Explain the global issue of Racism and Economic Inequality. Explain the issue and the things that are being done to address it.
Your supervisor has asked you to compute the elasticities for each independent variable - Compute the elasticities for each independent variable.
Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one of the following statements describes the results of the hypothesis test that the population correlation coefficient is less than zero using a = 0.05?
2. The purpose of this exercise is to acquaint you with some simple mathematical relationships and how they translate into graph. Economic models can come under the form of equation such as Y=F(L), Y is depandent variable, L is indepandent variable, ..
if you are the chief economist of a country experiencing high unemployment and flat gdp what macroeconomic policies
Economists argue at what point of the Business Cycle our country is now situated. Utilizing the concepts of leading, coincident and lagging indicators and Unemployment rate the price of gold and oil is rapidly raising and gasoline is often over $4.00..
firms can operate in one or more markets and not always on the same side of the market. general motors is a buyer in
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