100 T 80 60 40 20 O $100 200 300 400 500 600 700 800 900 GDP Refer to the diagram, in which Tis tax revenues and G is govemment expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion while the actual GDP is $200 billion: (Show your calculations) a. What is the actual budget defiıcit? ( b. What is the cyclically adjusted budget deficit? ( c. The value of cyclically adjusted deficit identifies which type of discretionary fiscal policy? ( For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). (s) 91

100 T 80 60 40 20 O $100 200 300 400 500 600 700 800 900 GDP Refer to the diagram, in which Tis tax revenues and G is govemment expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion while the actual GDP is $200 billion: (Show your calculations) a. What is the actual budget defiıcit? ( b. What is the cyclically adjusted budget deficit? ( c. The value of cyclically adjusted deficit identifies which type of discretionary fiscal policy? ( For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). (s) 91

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1
Answer this for me mate. Much appreciated.
ww. STEADY AS SHE GOES Read A G what a BALANCED BUDGET THE ECONOMY Eipcs- Reprinted with permission from The Detroit News O A. Government revenues will stay the same. B. Government revenues will decrease. Spotify What does a balanced budget mean In terms of government revenue? Question 142 of 190 OC. Government revenue equals its spending. O D. Government receives less revenue than it spends. O E. Government generates more revenue than it spends. Chilled C
Answr this for me mate. Much appreciated.
2. If government expenditures are $100 and the average tax rate is 0.6, derive the equation for the budget line and draw the budget line. What is the real GDP when there is no deficit and no surplus?
1. A college wants to produce an effigy for the student carnival. Preliminary studiesmade it possible to establish that the production of these effigies requires fixed costs of $2,008and variable costs (materials, labor, energy) of $0.90 per effigy. One of therequirements of the college being not to make a deficit, he had a market study carried out.It appears from this study that by selling these effigies for $3.75 we can hope to sell them1,000, whereas by setting the price at $2.50, the potential sales are 3,000.a) Express the demand in terms of the selling price and representgraphically this function.b) Express the cost of production as a function of the selling price.c) Express the income in terms of the selling price and determine the price that thecollege should fix to maximize the income from this sale of effigies.d) Represent the income function and the cost function on the same system of axesand determine the prices corresponding to the break-even thresholds and numbereffigies…
aget TRUE - OR - FALSE The amount the government owes to the public is the deficit. O True O False
6. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. public debt. OB. budget deficit. O C. Federal Reserve. D. budget surplus.
7. The national debt a. Is paid off each fiscal year when the debt is refinanced. b. Will never be paid off in any given year, but it will be entirely paid off when it is refinanced over a number of years. Will be paid off when the budget is finally balanced. Equals the dollar amount of outstanding U.S. Treasury bonds. c d
6. The discretionary fiscal policy initiatives adopted in 2009 were intended mainly to ECOM A. increase aggregate supply. B. increase aggregate demand. C. decrease aggregate supply. balat 800S nhub.aDet D. decrease aggregate demand
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A Moving to another question will save this response. Question 23 Fiscal policy can move us to equilibrium at Full Employment by O a. these are all possible fiscal policies to bring us to full employment. O b. bailing out troubled industries with special subsidies like the "paycheck protection" during the pandemic. O c. making changes in G, net government spending. O d. changing tax rates people have to pay. A Moving to another question will save this response. tab 1 Q ABA 2 W E R T