Using the figures provided in Table 2, calculate the national debt as a percentage of GDP for 2008. 10.14% 59.86% 68.48% $28,333 $47,333 Table 2: Macroeconomic Summary 2008 2009 GROSS DOMESTIC PRODUCT $14,200,000,000,000 $13,800,000,000,000 EMPLOYED BUDGET SURPLUS/DEFICIT NATIONAL DEBT POPULATION POTENTIAL LABOR FORCE LABOR FORCE UNEMPLOYED $450,000,000,000 $1,400,000,000,000 $8,500,000,000,000 $9,450,000,000,000 300,000,000 305,000,000 250,000,000 255,000,000 157,000,000 154,500,000 148,000,000 140,000,000 9,000,000 14,500,000
Q: Please help me with 1 and 2. Thank you 1. Several countries have opted to join currency unions.…
A: 1. Currency Unions and the Policy TrilemmaThe policy trilemma in international finance states that…
Q: PLS HELP ASAP ON BOTH
A: Lifecycle Funds:Lifecycle funds, also known as target-date funds or target-retirement funds, are a…
Q: PLS HELP ASAP ON BOTH
A: 1. A front-end load of 4% was applied to the entire market value of the units that Julian purchased…
Q: Typed please
A:
Q: PLS HELP ASAP ON BOTH
A: 2. The correct answer is:b) Should continue until the electrode is cool.When welding with the gas…
Q: Analyse the elasticity, monetary and absorption approach to Balance of Payments.
A: Let's delve into a more detailed explanation of the elasticity approach, monetary approach, and…
Q: Topic: Working with Multipliers ( macroeconmics) Need help with the following exercises Please show…
A: Ans. ) Given the question, it is related to the concept of the multiplier effect. The multiplier…
Q: A firm charges different prices, P1 and P2, for its domestic and industrial customers. The…
A: Price Discrimination and Profit Maximization: ApproachThis question deals with a firm practicing…
Q: Prove that price elasticity of demand is not the same as the slope of a demand curve.
A: Before we start proving, let's understand the two concepts. Price elasticity of demand is a measure…
Q: 5 Output and Consumption (in millions of dollars) Real GDP (Y) Consumption (C) Gross Investment (1)…
A: Given,Real GDP: Y=$42 millionConsumption: C=$28 millionGross Investment: G=$9 millionGovernment…
Q: Suppose the marginal propensity to consume is 0.81. What is the tax multiplier? Multiple Choice…
A: The tax multiplier is a measure of the change in aggregate production caused by changes in…
Q: K Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 15%…
A: a. In the exchange table, we are asked to calculate the distribution of output from each sector to…
Q: quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat…
A: Step-by-Step Explanation: 1. What We're Trying to Find Out: We need to know how many repeat…
Q: he MPS in an economy is.4, government could shift the aggregate demand curve leftward by $50 billion…
A: Option b: This option is correct because when the government wants to affect the aggregate demand…
Q: ? Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks.…
A: ### Task 1: Load Data and Basic ChecksThe first step in working with the DeAaron Fox's 2023-2024…
Q: pls help asap on both
A: 2. The correct answer is:b) Decrease its hardness and increase toughness.Tempering is a heat…
Q: Price of pizza rolls ($) 1 6 5 14 13 DMSB) 12 11 10 Dmarket S(MPC) 0123 456 8 9 10 11 12 13 14…
A: Solution 2)To determine if there's a positive or negative externality, we need to assess whether the…
Q: PLS HELP ASAP ON BOTH
A: Question 2:Based on Sheldon's low risk profile, his investment objective of receiving regular…
Q: Beth bought some residential development property for 200,000 five years ago. She sold the property…
A: Step 1: First we compute the Capital Gain, that is given by: Capital Gain = Selling price -…
Q: Typed plz and asap
A: A marginal tax rate is the percentage at which your last dollar of taxable income is taxed. It's…
Q: % expert.chegg.com/qna/authorir Chegg Home Expert Q&A My solutions Student question Time Left:…
A: Approach to solving the question:1. Understand the concept of labor productivity.2. Identify the…
Q: AB Jackson Industries installed a compressor and pump system in 2013 at a cost of $91.950 If the…
A: The initial cost of the compressor and pump system in 2013 was $91,950. The FRED equipment cost…
Q: do fast.
A: Step 1:Accounting profits refer to the financial gains of a business or individual calculated using…
Q: The table below shows information on the adult population of a small country. Employment…
A: The objective of the question is to calculate the size of the labor force in a small country based…
Q: Exercise 1.4. There are two players. Each player is given an unmarked envelope and asked to put in…
A: a) The required table is below: b) c)A strictly dominant strategy is a concept in game theory where…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Approach to solving the question: The problem provides a detailed guidance for solving the problem,…
Q: None
A: The supply curve has shifted up and to the right from the initial Supply (Ssupply) curve to the new…
Q: None
A: A decrease in aggregate expenditure shifts the IS curve leftward indicating a fall in real output…
Q: None
A: Given information, Principal (P) = $10,000Annual compound interest rate (r) = 3.25% or 0.0325Number…
Q: None
A: With a positive externality, the market is underproducing the good because there are external…
Q: PLS HELP ASAP ON BOTH
A: Detailed ExplanationFirst QuestionTo comply with the "holding out rule" in the context of mutual…
Q: PLS HELP ASAP ON BOTH
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: The figure below shows the production possibilities frontier for Good A and Good B. In the figure…
A: Point e and point d are unattainable.The figure shows a production possibilities frontier (PPF) for…
Q: do fast don't use chatgpt answer .
A: The aggregate demand (AD) curve shows the quantity of all goods demanded in the economy at any given…
Q: Narasimhan is accelerating the rollout of new equipment that will make it easier for baristas to…
A: Introducing new equipment for drink preparation at Narasimhan's coffee shop is expected to have…
Q: pls help asap on both
A: 1. A bridge cam gauge is a tool used in welding to measure various parameters such as undercut, weld…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Step 2: Step 3:
Q: BWorK: MATH 107 Spring x History Window Help WeBWorK: MATH 107 online +…
A: Understanding Cost Changes with Increased ProductionImagine a company, ADTE Distributors, that…
Q: Daily Enterprises is purchasing a $10.2 million machine. It will cost $51,000 to transport and…
A: Step 1: The calculation of the annual incremental earning AB1Incremental revenue $ 3,800,000.00…
Q: A decline in the average cost of producing bank services as the size of the bank expands is called…
A: Option a: This option is correct or incorrect because decrease in unit costs after a merger due to…
Q: At planning, the objectives would be based on the principle of PEST TOWS SWOT SMART Authorised…
A: In conclusion, each of the concepts and terminologies discussed plays a crucial role in the…
Q: According to the figure at right, autonomous consumption equals O A. $5,000. OB. $0. OC. -$5,000.…
A: Detailed explanation: Let's analyze the graph and determine the value of autonomous consumption. The…
Q: Assume all profit-maximizing employer types sell output in perfectly competitive markets and hire in…
A: The objective of the question is to understand the impact of discrimination coefficient on the…
Q: For each item shown below, identify whether it increases or decreased during a recession. a. GDP…
A: The objective of the question is to understand the impact of a recession on various economic…
Q: soda consumers. Before the tax, 40,000 liters of soda were sold every week at a price of $9 per…
A: In economics, the impact of taxes, especially on the market equilibrium and consumer behavior, is a…
Q: Of the 10 fastest-growing occupations in percentage terms, it is estimated for 2016-2026 that five…
A: Option 3 is correct. As per projections by BLS for the period 2016-26, the top fastest-growing…
Q: If the marginal propensity to save in an economy is 0.2, and the marginal propensity to import is…
A: The objective of this question is to calculate the multiplier in an economy given the marginal…
Q: Exercise 2. 1. How could they do that! They abducted Speedy, your favorite tortoise! They asked for…
A: You find yourself in a predicament where Mr. T has kidnapped Speedy, your beloved tortoise, and he…
Q: PLS HELP ASAP ON BOTH
A: (1) 'GMAW' is Gas-Metal arc welding process. It is a process to weld metals using arc. The gases are…
Q: Explain all option compulsary......you will not explain all option then I will give you down…
A: In this competitive global market for computer parts, understanding the effects of tariffs and…
Step by step
Solved in 2 steps
- The following diagram shows changes in fiscal policy by the South African government from the beginning of 2008, until the end of 2014. Study it carefully and answer the question which follows. SOUTH AFRICA GOVERNMENT SPENDING 620000 **** 600000 580000 F N E EH A A EE E E 560000 540000 520000 500000 480000 460000 1/1/2008 1/1/2010 1/1/2012Under what general macroeconomic circumstances might a government use expansionary fiscal policy? When might it use contractionary fiscal policy?What are some of the ways fiscal policy might encourage economic growth?
- What would happen if expansionary fiscal policy was implemented in a recession but, due to lag, did not actually take effect until after the economy was back to potential GDP?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?Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?
- Analyze the graph below, showing the Gross Federal Debt as a percentage of GDP for the United States (1939-2019). Which of the following is correct? FRED d- Gre ederal Dea Percentof Gr Done Produd 116 2013 Pa S Sor O e Loa fe In 2019, the Federal Government of the United States had an accumulated debt/GDP higher than 100 %, meaning that the amount of debt accumulated over time is higher than the value of all goods and services produced in that year. The debt/GDP is always positive during this period, so the Federal Government of the United States incurred in budget deficits every year since 1939. From the mid-40s until the mid-70s, the debt/DGP was decreasing, meaning that the Federal Government. of the United States was running a budget surplus every year during those three decades. During the second half of the 1970s, the Federal Government of the United States was able to keep a balanced budget and, as a result, the debt/GDP was close to zero.Complete the table below for the economy of Smetana. Round your answers for the Debt / GDP % to 1 decimal place. Budget Surplus 1 7 Year 2015 2016 2017 2018 2019 2020 8 Budget Deficit 1 14 1 1 National Debt 280 323 310 GOP 700 725 730 720 750 Debt / GDP N 45.0CIENCES QUESTION 1 Study the bar chart regarding the National Budget's tax revenue and answer the questions that follow: WHERE WILL THE MONEY COME FROM IN 2021/22 AND HOW WILL IT BE SPEND GOVERNMENT SOURCES OF REVENUE 2021/22 Tax R1 365.1milj 72.6% Loans R 482.6milj 25.7% Non-tax income R 32.5milj 1.7% 1 Which revenue contributes the most to the National Budget? Give the percentage. Which revenue contributes the least to the National Budget? Give the percentage. Give ONE example of a income that is not tax. TAX REVENUE, 2 021/22 Personal inseme tax
- learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com Bb https://.. a SD Bb Bb Bb 1. From the time of George Washington's presidency to the present, the percentage of the average American's income that goes to pay taxes A. has decreased from about 20 percent to about 10 percent. has decreased from about 50 percent to about 25 percent. C. has remained constant at about 10 percent. D. has risen from less than 2 percent to above 45 percent. Е. В. has risen from less than 5 percent to above 25 percent. 2. According to the textbook, which of the following statements is (are) correct for the United States? (x) The individual income tax and the payroll tax are the two largest sources of revenue for the U.S. federal government. (y) Corporate income taxes and excise taxes make up more than 30 percent of the tax revenue for the U.S. federal government. (z) In general, the two most important taxes for state and local governments in the U.S are sales taxes and property taxes. А. (x), (y)…Social Security and Medicare create a fiscal gap because _______. A. the benefits today exceed the tax revenues to support these programs B. outlays on these programs today minus tax revenues contribute to the government budget deficit C. future generations will have to pay for the benefits received by the current generation D. the present value of current and projected future outlays exceeds those of future tax revenuesThe figure shows government expenditure and revenue as a percentage of GDP, 1990-2019. During which of the following periods did the federal government run a budget surplus? 27.0% 25.0% -Expenditures 23.0% 21.0% 19.0% Receipts 17.0% 15.0% YEAR O 1998-2001 None of these answers is correct. O 2003-2008 2012-2018 PERCENT OF GDP 0661 1991 1993 1994 9661 2661 6661 0007 2002 2003 2005 9007 2008 6007 2011 2012 2014 2015 2017 2018