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Case Study: This assignment requires your knowledge of how economic activity affects the federal budget. Relevant knowledge is important because it is important to understand that the federal budget deficit affects all aspects of the economy, but also the state of the economy affects the federal budget.
Question: Suppose that the federal budget is balanced when GDP is at potential GDP. If equilibrium GDP falls below potential, please explain how and why government transfer payments would change; how and why tax receipts would change; how and why the budget would change.
Discuss government policies that impact changes in business cycles (peaks and troughs, expansions and recessions) and in real GDP.
What do economists mean by the law of one price? Why might the law of one price be violated? What is the value of the exchange rate that satisfies absolute PPP?
Insurance policies often are a combination of a savings program and life insurance. The individual pays the company, say, $1000 a year; $100 of that goes to cover the risk of his dying during the year, and the remainder goes into a savings program..
A consumer lives for two periods (the present and the future). His income in period 1 is 100. His income in period 2 is 200.
when bill clinton took office in january 1993 he faced two major economic problems a large federal budget deficit and
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase.
What is the marginal rate if the taxpayer itemizes federal deductions and deducts the state tax? What if there was reciprocal deductibility?
The field of medicine has experienced much growth over the past century. Likewise, regulatory compliance has increased. One method of trying to ensure the provi
Assume that each consumer in Will's town has the following yearly demand for wine Q = 100 - 2P. The cost to produce wine is C = 145 + 5Q. Will wants to start a wine club with an annual membership fee and a per bottle price. Local ordinances dict..
How does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm Why does it differ Of what significance is the difference Why is the pure monopolist's demand curve not perfectly inelastic
Write an essay applying the economic way of thinking to an online newspaper or newsmagazine articles that you will find. Choose an article that raises a question interesting to you and that raises questions that do not have obvious answers.
q.1 nbspbriefly define the following termsa.nbspnbspnbsp unemployment rate be sure to give the definition of the
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