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Question: Let's establish the current numbers for the budget deficit and national debt. a. What is the current size of the budget deficit? A good source is the Deficit Tracker of the Bipartisan Policy Center Is the current budget deficit Big? Explain how we would know. Has the budget deficit been getting bigger or smaller over the past several years?
In a study of government financial aid for college? students, it becomes necessary to estimate the percentage of? full-time college students who earn
The regression results of these three models are as follows (figures in the parentheses are the standard errors of the corresponding estimated regression)
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function. How much time will Thoreau spend in leisur..
Indicate whether each of the following statements is true or false, and explain why. Producer surplus tends to fall as the supply curve becomes more elastic. Consumer surplus tends to rise as demand becomes more elastic.
Explain why, in the Tiebout model of local public good provision, efficiency will not be achieved if there are externalities across city borders from the public
The rate of stockturn for Company T in the year 2006 was 12.5. At the start of that year the company held stock to the value of $327,950, and at the end of that year the value of stock held was $300,450.
Do you think the MP (marginal productivity) figures in the presentation are based on a single variable factor, or all factors of production? Why? In the paper, what other input factors are necessary to make the holiday wreaths?
Suppose a company’s $50 stock pays an 8% continuous dividend and the continuously compounded risk-free rate is 6%. Calculate the following: the price of a prepaid forward contract that expires 1 year from now. the price of a forward contract that exp..
a. If one looks at the budget incidence the poor in South Africa benefit most from the budget of government.
Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. What is the firm's optimal combination of capital and labor?
Given the state of the economy and the causes of that state, what should be the appropriate mix of fiscal and monetary policy, from a Keynesian perspective?
In some country, the rate of inflation is expected to increase from 2 percent to 5 percent and people fear that the increase will be permanent if the central bank does not take action. In both diagram and text, indicate clearly whether you deal with ..
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