Answered: Please answer the following question:…

Please answer the following question: 1. What is the largest component of the federal budget? A) Entitlements C) Detense Bi Net interest

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 2.4P

See similar textbooks

Related questions

Q: A construction company wants to set aside enough money today in an interest-bearing account in order…

A: Future Value (FV) = $100,000 Time period (n) = 5 years Interest rate (i) = i (not given) To find:…

Q: Imagine that technology gets better, so that production is faster and makes fewer mistakes, just…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: P, R, C AB C GH MC ATC D=AR Q

A: Allocative efficiency refers to the point where resources allocated efficiently in the market.…

Q: Two gas stations, A and B, are locked in a price war. Each player has the option of raising its…

Q: Find all pure strategy Nash Equilibria in the following games a.) Player 2 a1 a2 a3 b1 1,3 2,3 1,1…

A: The Nash equilibrium is a decision-making theorem within game theory that states a player can…

Q: Use the diagram below to determine the price and quantity for:

A: The pareto efficiency refers to situation where one can not be made better off without making other…

Q: Consider a competitive market where the intersection of the demand and supply curves determine the…

A: In this case, competitive market are taken to be consideration. Actually here supply and demand…

Q: What is the Costs of buying and selling of investment in Canada ?

A: When you purchase or sell stocks, a brokerage fee known as a trade commission, also referred to as a…

Q: An econometrician finds the following estimates of the relationship between the price of tomatoes -…

A: Market power, also referred to as monopolistic power, is the capacity of a firm (or group of firms)…

Q: uppose Rajiv is the only seller in the market for bottled water and Kevin is the only buyer. The…

A: Price Quantity Demanded Quantity Supplied 2 3 1 6 2 2 9 1 3 Since, Quantity Demand =…

Q: If borrowing and lending are allowed, the relative price of future consumption, and thus the world…

A: Future consumption is the consumption at a future point in time and current consumption is present…

Q: Use the following graph for a monopolistically competitive firm to answer the next question. 22 5522…

A: Monopolistic competition is defined as the market structure in which there are several huge sellers,…

Q: QUESTION 57 In general, horizontal mergers will O increase the number of firms in an industry. O…

A: The horizontal merger occurs in the same industry where the similar products are produced.…

Q: Suppose you are a beneficiary designated to immediately receive #7318 each year for 10 years,…

A: Above cash flow is an example of constant annuity payments received for 10 years . We use the…

Q: Major medical complexes and their service providers continue to move toward advanced health…

A: The ordinary depreciation strategy is doubled by the double falling balance depreciation method,…

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: The table below shows the utility schedule for a consumer of candy bars Candy Bars Consumed Total…

A: The utility is the want satisfying power of a good. Total utility is the aggregate amount of…

Q: Evidence indicates that tariffs and quotas are

Q: rom the figure it is apparent that O Uganda will experience a surplus of coffee if trade is not…

Q: What is the budgetary procedure?

A: A government budget is a written agreement that details how much money will be generated, where it…

Q: Consider the two-player game whose peri choices in the first period are revealed bef equilibria of…

A: To begin with, it is crucial to remember that a Nash equilibrium for the second overtime must be…

Q: Lorie teaches singing. Her fixed costs are $1,000 a month, and it costs her $50 of labor to give one…

A: Given Demand schedule: Price ($ per lesson) Quantity demanded (lesson per month) 0 250 50…

Q: 6.) The figure below shows Average Cost, Demand, Marginal Cost and Marginal Revenue curves for a…

A: Here, the given graph represents demand curve, marginal revenue curve, marginal cost curve and…

Q: side from advertising, how can monopolistically competitive firms increase demand for their…

A: Monopolistically competitive firm holds mixed characteristics of perfect competition and monopoly.…

Q: Z3

A: There are three motives of demand for money ie Precautionary demand Transaction demand and…

Q: (Figure: Electricity Generation). What is this monopolist's maximum profit? Group of answer choices…

A: Monopolist's maximum profit is at that level of output where marginal revenue is equal to marginal…

Q: Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment…

A: Eileen buys a perpetuity-immediate with annual payments for a purchase price of X. The first payment…

Q: Your current prices are $311 in the southwestern region; $278 in the western-region and $240 in the…

Q: What are the characteristics and importance of the budget?

A: Budget refers to the record of revenue and expenditure of an individual or an organization. Revenue…

Q: .50 .30 .15 MR 2,000 2,700 3,000 AC Demand MC Quantity (GWh)

A: a monopoly is the sole producer of a good thus having maximum market power hence acts as a price…

Q: Diagram 1 Price Level 0 ADO AD₁ g g Q₁ Real GDP A. ADO. B. ADI. C. AD2. D. AD3 AS 11. Refer to…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: QI. In this module we learned about severalreal-world complications that make monetary and fiscal…

A: Fiscal policy: It refers to the policy that help the government to increase the demand in the…

Q: th point is not on the perfectly competitive firm's short-run supply c Multiple Choice O F

A: Perfectly competitive firm is price taker in the market. The MC curve above the Average variable…

Q: The Present Discounted Value (PDV) of a future stream of payments is _____________________ the sum…

A: The present discounted value, or PDV, is the amount paid or deposited in the current term or time…

Q: New research demonstrates that celery is a healthy snack. The resulting increase in demand for…

A: The measure that depicts various quantities of goods and services being demanded and supplied at…

Q: Dannylyn is comparing two bridges A and B on the basis of capitalized cost at 5% interest. Bridge A…

A: The monetary worth of an asset reduces over time due to utilization, wear and tear or obsolescence.…

Q: Parks confer many external benefits on society: open space, trees that reduce pollution, and so on.…

A: External benefits are the positive spillover effect of an economic activity on third party which is…

Q: The managers of a company are considering an investment with the following estimated cash flows.…

A: Capital Investment = $28,000 Annual Revenues = $19,000 Annual Expenses = $5500 Market Value = $500…

Q: 22-2. Zoning. The county intends to rezone an area from industrial use to residential use. Land…

Q: same item is PaQ - b = 0. Find the values of a and b if it is known that the mark equilibrium price…

A: differentiation of price function with respect to Q dp/dQ=2Q+2 2Q+2=0 2Q=-2 Q=-1 demand= supply…

Q: Assume that utility is given by and Income I, price of good x = P = U(2,y) = 03J0.7 and price of…

A: Given Utility function: U(x,y) =x0.3y0.7 ..... (1) Income =I Price of x = px Price…

Q: You saw a product sells for $140 on the price tag and costs $100, the Mark-up (%) for this product…

A: Selling price is the face value or tag value of the product. whereas the actual monetary value…

Q: A library shelving system has a first cost of $24,000 and a useful life of 9 years. The annual…

A: INTRODUCTION: BENEFIT TO COST RATIO: The benefit to cost ratio shows the connection among the fee…

Q: The following graph shows a hypothetical demand function for federal funds. Currently, the total…

A: The federal funds rate can be defined as the benchmark rate of interest for the Federal Bank that is…

Q: Refer to Exhibit 34-5. The opportunity cost of one unit of good A is O a. 28; 1B O b. 10B; 15B…

A: Opportunity cost is the cost of second best alternative or we can say that this is the cost of…

Q: Co. XYZ manufactures a product and sells it for $8 per unit. Her fixed costs are $5,000 and her…

A: Co. XYZ sells the produce for = $8 per unit. Fixed costs = $5,000 Variable cost per unit = 2.444…

Q: 6. Who proposed Revealed prefere A. Wilfred Pareto B. J. Hicks C. Paul A. Samuelson D. All of the…

A: The rationality of customers is the underlying presumption of revealed preference theory. In other…

Q: please answer the following question: 1. Automatic stabilizers: A) work without the need for…

A: A boom illustrates a phase of elevated or rised growth within a business, market, industry, or…

Q: Economics In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was…

A: inflation is typically a broad measure, such as the overall increase in prices or the increase in…

Q: Net Income can be found on each of the following statements EXCEPT which one? A. Balance Sheet B.…

A: INTRODUCTION: NET INCOME: Net earnings (NI), additionally referred to as internet earnings, is…

Question

100%

Please answer the following question:

1. What is the largest component of the federal budget?
A) Entitlements
C) Detense
Bi Net interest

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Correct answer

VIEW

Incorrect options

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

During the Great Recession of 20082009, what actions would have been required of Congress and the President had a balanced budget amendment to the Constitution been ratified? What impact would that have had on the unemployment rate?
How would a balanced budget amendment change the effect of automatic stabilizer programs?
Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?
What is the main reason for employing contractionary fiscal policy in a time of strong economic growth?
Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in a situation where the economy is producing less than potential GDP and then in a situation where the economy Is producing more than potential GDP.
In a recession, does the actual budget surplus or deficit fall above or below the standardized employment budget?
Under what general macroeconomic circumstances might a government use expansionary fiscal policy? When might it use contractionary fiscal policy?
What is the difference between discretionary fiscal policy and automatic stabilizers?
What is the difference between expansionary fiscal policy and contractionary fiscal policy?
A government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of 400 million. In year two, the government runs a deficit of 1 billion. In year three, the government runs a surplus of 200 million. What is the total debt of the government at the end of year three?
What are some of the arguments for and against a requirement that the federal government budget be balanced every year?
If a government runs a budget deficit of 10 billion dollars each year for ten years, then a surplus of 1 billion for five years, and then a balanced budget for another ten years, what is the government debt?