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How do you model with the following variables to understand whether Spanish Government's Debt as a fraction of GDP "sustainable"? (i.e., does it explode, stay constant, or converges to zero?) Explain your (reasonable) assumptions if you take any?
GDP (constant prices of 2010)
Real GDP Growth
GDP (current prices)
Nominal GDP growth
Gov. Revenue (current prices)
Gov. Revenue/GDP
Gov Expenditure before interest rate payments (current prices)
Gov Expenditure/GDP
Primary Surplus (current prices)
Primary Surplus/GDP
Interest Rate Payments (current prices)
Fiscal Surplus (current prices)
Fiscal Surplus/GDP
Gov. Debt (current prices)
Gov. Debt/GDP
The simple circular flow model (without leaks or injections) shows that an economy reaches equilibrium when:
Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyer’s full willingness to pay while the supply curve reflects all production costs. Maximum willingness to pay exceeds minimum acceptable price:
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
How could legislation impact on operations within your organisation in relation to innovation, project management
Based on the Online Retirement Lecture and your own knowledge/research, please discuss the pros and cons of the Defined Benefit Plan vs. the Defined Contributio
As an intern software developer for a retail bank, you have been tasked with developing use cases to support the ATM service.
Suppose the economy is at the steady-state equilibrium. Using a graph to discuss and illustrate the effects of a technology progress to the economy.
Illustrate what is the maximum amount he or she would pay for insurance against a 50 percent chance of losing 3,600.
State three reasons why cotton fabrics are commonly used in Ghana
Suppose that last year one dollar US exchanged for one euro if this year one dollar exchange for $.90 euro we can conclude that:
What is the "Chicago School" argument against concerns that vertical integration is anticompetitive? Under what conditions might this argument be wrong?
Consider the AD/AS model built from the IS/LM, with an upward sloping SRAS. The economy was operating at full employment, but it is suddenly hit by unfavorable weather conditions, which increases the expected price level and shifts the SRAS to the le..
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