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1. Consider a closed economy in which GDP equals $20 billion, consumption equals $13 billion, government purchases equal $3 billon and tax revenue equals $1 billion. Use this information to answer the following questions:
a. What is private savings equal to in this economy?
b. What is public savings equal to in this economy?
c. How would the level of public savings impact the supply of loanable funds?
d. What is national saving equal to in this economy?
e. What are net exports equal to in this economy?
f. What is investment equal to in this economy?
Complete the columns for to conclude the profit maximizing output for this firm. Draw the relevant graph to show the profit maximizing output.
Which of the following could pose a challenge in building partnerships with tribes?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. Based on this infor..
Illustrate and reinforce your answer with any theories from international trade and FDI theories.
"Which side of the market, supply or demand, that bears the burden of a tax on a good or service depends upon the relative supply and demand:"
What are the macroeconomic worldviews for david ricardo, karl marx, and john stuart mill?
Assume that the short-run cost and demand data given in the table above confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Refer to the above table and information. If the firm sells 3 units..
Australian producers invest in new capacity to increase supply but they overestimate the household demand for their insulation materials flowing.
Suppose that households in the U.S. increased their desired holdings of currency by $55 million as the Fed was adding reserves to the banking system. How would your answer to question (2) be affected, assuming that the Fed still wished to generate an..
A construction company had a gross income of $34,000,000 in tax-year 1, $5,000,000 in salaries, $4,000,000 in wage, $1,000,000 in depreciation expenses, a loan principal payment of $200,000, and a loan interest payment of $210,000. What is the margin..
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
How much “control” does Congress have over spending based on the fiscal budget of 2017? Evaluate the amount of discretionary spending vs. non-discretionary spending.
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