Explain how value can be created simply by exchange even when nothing new is produced. Explain what is meant by a current account surplus and a current account deficit in terms of the trade balance. Explain how the labor market differs from the goods...
3. A farmer sells wheat to a baker for $2.The baker uses the wheat to make bread, which is sold for $3.What is the total contribution of these transactions to GDP 答 :对 G D P 贡献 是3 美元 。G D P 只包括最终物 品 价值 ,因为中间物品 价值 已经包括 在最终物 品 价格 中了。
Explain the meaning of the term budgetary deficit as is applied in economics. Using the concept of the budget constraint and indifference curves, explain how a consumer maximizes total utility. Although consumption spending is about 70% of the total spending in the US economy (...
aAs evidence of this possibility, Summers presents a regression of the ratio of the budget deficit to GDP on the difference between the private savings ratio(i.e., the ratio of domestic savings plus the budget deficit to GDP) and the investment-GDP ratio: 作为这种可能性的证据,夏天在区别提出...
abudget deficit, it is prudent to select the most economical and efficient means of achieving this engineering challenge. 预算赤字,它是慎密选择达到这个工程学挑战最经济和最高效率的手段。[translate] a富士山的周围有樱花,现在,樱花来了 正在翻译,请等待...[translate] ...
Explain two strategies that you would use to persuade the Democratic leadership in Congress to adopt austerity measures to reduce the national deficit. Considering the basic accounting principles, is objectivity similar to conservativis...
Scenario One: Both the U.S.budget deficit and national debt shrink to less than50%of GDP by2032.Presently, our national debt is more than100%of GDP. Scenario Two: Both the national debt and budget deficits continue accelerating...
Step 1.The Economistmagazine reports (in the back) that Britain has the third largest budget deficit in the world, significantly bigger than the US as a share of GDP. So fiscal policy is obviously expansionary using a simplistic metric that doesn’t adjust for the business cycle. ...
Suppose there is a reduction in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker and consumption per worker. Solow Growth Model: ...
Revenues did rise 4% in 2019, according to the Congressional Budget Office. Individual income and payroll taxes have gone up—largely because of wage increases—to offset a decrease in corporate income taxes. No doubt, the increase in the deficit is fueled by a rise in expenditures (3.2% in...