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The U.S. has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. The US economy has grown at faster rates than Japan's over the past 10 years.
a. Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies.
b. In trade negotiations with the Japanese over the large US trade deficit with Japan, the US administration has urged the Japanese government to undertake a more expansionary fiscal policy. Explain how this might affect the US trade deficit with Japan.
If the price of one of the bundles of good rises, what information is needed to calculate the impact on demand for each of the bundles of goods?
Ice cream and pie if these are goods that you like, but if you eat too much of either, you get sick of them. If you are sick of a good, eating more of it lowers you utility.
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the next question refers to the followingtotal cost schedule for a competitive
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analysis of a proposed soda taxarticle from the wall street journal entitled soda tax weighed to pay for health
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