Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. (Production Possibilities Frontier) Here are some data on theU.S. economy taken from the Economic Report of the Presi- dent at https://www.access.gpo.gov/eop/.
Year
UnemploymentRate
RealGovernment
Spending(billions)
RealCivilian
1982
9.7%
$ 947.7
$3,672.6
1983
9.6
960.1
3,843.6
1996
5.4
1,257.9
5,670.5
1997
4.9
1,270.6
5,920.8
a. Sketch a production possibilities frontier for the years 1982 and 1983, showing the trade-off between public- sector (government) and private-sector (civilian) spending. Assume that resource availability and technology were the
same in both years, but notice that the unemployment rate was relatively high.
b. Sketch a PPF for the years 1996 and 1997. Assume that resource availability and technology were the same in both years but higher than in 1982 and 1983. Note that the unemployment rate in the late 1990s was much lower than in the early 1980s.
c. What lessons did you learn about the U.S. economy of the past 20 years?
Find the new equilibrium national income, consumption, investment, and tax
Edsel wins a $250 million lottery prize. The money is paid out in equal instalments over 40 years beginning one year from today. What is the present value of the lottery prize to Edsel in the following cases? 1) If his discount rate is 15%? 2) If his..
Assume the role of a manager who has been tasked with preparing a country brief for your senior level executives trying to determine if the country is appropriate for foreign direct investment.
How does the natural rate of unemployment change as the demographic composition of the population changes?
green engineering has proven to be an obstacle to many industries. the reason is their misunderstanding of the
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
The manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. The Medicare payment for a surgical operation using the traditional meth..
unique creations holds a monopoly position in the production and sale of manometers. the cost function facing unique is
in 2003 when music downloading first took off universal music slashed the prices of cds from an average of 21 to an
You are an economist for the Vanda-Laye Corporation, which produces and distributes outdoor cooking supplies. The company has come under new ownership and management and will be undergoing changes in its product lines and operating structure. As an e..
Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm Describe the Diamond-Water paradox and the solution Explain why price is greater than marginal revenue for a single-price
How many Police Officers? In your city, each police officer has a budgetary cost of $40,000 per year. The property loss from each burglary is $4,000. The first officer hired will reduce crime by 40 burglaries, and each additional officer will redu..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd