The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person O $2,679 per person Od. $2,323.5 per person

The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person O $2,679 per person Od. $2,323.5 per person

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose George made $20,000 last year and that he lives in the country of Harmony. The way Harmony levies income taxes, all citizens must pay 10 percent in taxes on their first $10,000 in earnings and then 50 percent in taxes on anything else they might earn. Given that George earned $20,000 last year, his marginal tax rate on the last dollar he earns will be rate for his entire income will be and his average tax O 10 percent; 50 percent O 50 percent; less than 50 percent O 10 percent; less than 50 percent O 50 percent; 50 percent
QUESTION 1 A new machine is to be purchased for $200,000. The company believes it will generate $75,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine and this will result in additional labor expenses of $25,000 annually. The new machine will be depreciated using 5 years MACRS, even though the life of the project is 7 years, and the salvage value is estimated to be $0 at the end of year 7. The tax rate is 40% and the company's MARR is 15%.
5. Now assume that a recession ( triggered by a reduction of Aggregate Demand ) causes each of the five incomes to fall by 25 % . In other words , income is 75 % of what they used to be . Given the lower income , a ) what would be the total tax revenue paid by each of the five citizens ? b ) what is the total tax revenue for the small nation ?
QUESTION 7 Keisha's income was $52,342 in 2011 and $64,983 in 2021. If the CPl rose from 225 to 271 between 2011 and 2021, which of the folowing is true? OA The purchasing power of Keisha's income remained constant between 2011 and 2021. O B. There was deflation between 2011 and 2021. OC The purchasing power of Keisha's income increased between 2011 and 2021. O D. The purchasing power of Keisha's income decreased between 2011 and 2021. O E. Keisha's income in 2011 was equivalent to her income in 2021 because she was able to purchase the same amount of goods and services.
The price index was 140 in one year and 148.4 in the next year. What was the inflation rate? 8.4 percent O 6.0 percent O 2.4 percent O 4.2 percent
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Refer to the following table when answering the following questions. Table: U.S. 2015-2018 Domestic Income ($ billions) Compensation of employees, paid Wages and salaries Supplements to wages and salaries Business taxes Business subsidies Net operating surplus Private enterprises Surplus of government enterprises Show Transcribed Text Supplements to wages and salaries Business taxes Business subsidies 3 Net operating surplus Private enterprises Surplus of government enterprises Source: U.S. Bureau of Economic Analysis 2015 2018 O $13.850 O $9.704 O $31.518 O $18.480 9.264 9.704 7,487 7,866 1,777 1.838 1,210 1,238 57 4,489 4.575 4,509 4,593 -20 -19 1,777 1,838 1.210 1.238 57 57 4,489 4.575 4.509 4.593 Depreciation of fixed capital 2.745 2.831 57 -20 -19 From this data, total GDP in 2015 was about billion.
How does the growing national debt impact minimum wage and the future population? As national debt grows beyond $21.5 trillion dollars how will it further impact th economy for the future generations. Questions like: Is the minimum wage going to drop further, are the number of jobs that can provide benefits like insurance going to be affected? Are things like rent going to rise further in cities like New York, Chicago and more making it harder for middle class to live there?
In 2008 the price index was calculated at 137.9 with 2003 as the base year. In 2009 the price index increased to 148.7. What was the inflation from 2008-2009? O 7.8% O 7.3% O 10.8%
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