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Burden of the national debt
The extent of the burden on a nation of public debt, depends in the first place on whether it is an external or an internal debt. The burden of the national debt to the community can be approximated by the cost of serving it. The cost of servicing the public debt can be calculated:
i. Per head of the population, or
ii. As a percentage of government revenue, or
iii. As a percentage of the national income.
Whichever method used, the National debt shall have the following burden on society:
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Firm and industry supply schedules The plan or table of possible quantities that will be offered for sale at different prices by individual firms for a commodity is called su
A MATHEMATICAL APPROACH TO REVENUE AND COST FUNCTIONS Recall that TR = P x Q This implies that P(AR) = TR Q For example, assuming
monopolistic competition
BU 5210 Final Summer 2013 Economic Analysis
Consider an economy with three assets and three states. Let be the matrix of asset payoffs at t=1 and p the vector of asset prices at t=0. Assume p 3 =2. a) Does an ar
what is meant by equi-marginal concept
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