### Understanding Cyclical vs. Structural Budget Balances#### Data Table: Cyclical vs. Structural Budget Balances (In Billions of Dollars)| Fiscal Year | Budget Balance | Cyclical Component | Structural Component ||-------------|----------------|--------------------|----------------------|| 2000 | 236 | 58 | 178 || 2001 | 128 | -1 | 129 || 2002 | -158 | -83 | -75 || 2003 | -378 | -107 | -271 || 2004 | -413 | -58 | -355 || 2005 | -318 | -20 | -298 || 2006 | -248 | 11 | -259 || 2007 | -161 | 17 | -178 || 2008 | -459 | -25 | -433 || 2009 | -1,413 | -251 | -1,162 || 2010 | -1,294 | -291 | -1,004 || 2011 | -1,270 | -234 | -1,036 || 2012 | -1,126 | -247 | -879 || 2013 | -679 | -206 | -473 || 2014 | -485 | -168 | -317 || 2015 | -439 | -66 | -373 || 2016 | -585 | -76 | -509 || 2017 | -666 | -53 | -612 || 2018 | -779 | 11 | -790 || 2019 | -983 | -54 | -1,037 || 2020 | -3,310 | -403 | -2,907 |#### Instructions:Use the data above to answer the following questions:1. How much fiscal stimulus or restraint occurred between: - 2007 and 2008? - 2017 and 2018?

Fiscal stimulus refers to a governmental strategy aimed at enhancing economic growth through either…

Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer two questions. Budget Balance Cyclical Component + 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -680 -485 -439 -585 -665 -779 -984 -3,310 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2007 and 2008? $ -208 -207 -168 -86 -76 -53 11 53 -403 b. 2017 and 2018? billion of fiscal (Click to select) Instructions: Enter your responses as a whole number. How much fiscal stimulus or restraint occurred between Structural Component 178 129 -75 -271 -355 -298 -259 -178 billion of fiscal (Click to select) -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 -790 -1,037 -2,907

Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer two questions. Budget Balance Cyclical Component + 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -680 -485 -439 -585 -665 -779 -984 -3,310 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2007 and 2008? $ -208 -207 -168 -86 -76 -53 11 53 -403 b. 2017 and 2018? billion of fiscal (Click to select) Instructions: Enter your responses as a whole number. How much fiscal stimulus or restraint occurred between Structural Component 178 129 -75 -271 -355 -298 -259 -178 billion of fiscal (Click to select) -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 -790 -1,037 -2,907

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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120 110 &&&RSRSR22. 100 90 80 20 10,000 20,000 000'DE 40,000 50,000 60,000 70,000 80,000 Consider the information in the file named Hypothetical Labor Market Graph. The graph shows the aggregate demand for labor in a small country with a civilian population of 100,000 persons. The labor force participation rate in this country is only 30% and it does not depend on the level of real wage. Wages and prices are fully flexible downwards and upwards. Start from the base case. Suppose that due to changes in social norms, the participation rate of women in the labor force increases. As a result, the overall labor force participation rate increases to 50.00% Ceteris paribus, this event causes the equilibrium real wage to change to units.
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