How much would you get each year

Assignment Help Macroeconomics

Reference no: EM131832583

a. U.S. GDP is approximately $14 trillion. If GDP were divided up equally among all 300 million Americans, what would each person get?

If you and your nine best friends took almost all of the GDP for yourselves, but gave $1,000 per person for everyone else, how much would you get each year, just for yourself?

b. More seriously, currently 150,000 people in the United States earn more than $1.5 million per year. If you could take their money and divide it up among the approximately 300 million other Americans, how much money could you give to each person every year?

Note that $1.5 million is only the cutoff: On average, this group earns $3 million per year, so use that number in your calculations.

Reference no: EM131832583

Questions Cloud

Modify the program so that the balance after each year : How many years does it take for the investment to triple? Modify the program so that the balance after each year is printed. How did you do that?

Minutes required to serve a customer : Suppose that the time in minutes required to serve a customer at a certain facility has an exponential distribution for which the value of the parameter

Squared error loss function : Suppose that a random sample of size n is taken from an exponential distribution for which the va1ue of the parameter 8 is unknown; that the prior distribution

Plans to repay this loan by making special payment : She plans to repay this loan by making a special payment of 7,500 dollars in 4 years and by making regular annual payments of 6,900 dollars per year until loan

How much would you get each year : U.S. GDP is approximately $14 trillion. If GDP were divided up equally among all 300 million Americans, what would each person get?

Purchases of a certain brand of breakfast cereal : It is not known what proportion p of the purchases of a certain brand of breakfast cereal are made by women and what proportion are made by men.

What is the WACC of antel : Assume that Antel is currently at its target capital structure and it invests any excess cash in risk free assets. What is the WACC of Antel

Compute the company new break-even point : Compute the company's new break-even point in dollar sales and the new margin of safety in both dollars and percent

Write short notes on process state and process control block : Write short notes on the process state, Process control block, Inter -process communication, Threads and buffers.

User Account

All Pages