In 2050, the government has collected $10,227 billion in revenues from taxes but has spent $10,584 billion on government purchases and transfers. If the national debt was $60,604 billion in 2049, what will it be after 2050?

Q: Social efficiency consists of which of the following: the sum of consumer and producer surplus the…

A: The sum of consumer surplus and producer surplus is total surplus.  i.e., Total surplus = Consumer…

Q: Hint: use the midpoint formula Select the correct answer. A) 8 B) 1

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Q: D3

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A: The natural rate of unemployment is regarded as the full employment. There is presence of frictional…

Q: 05

A: Given in the question - Total cost includes a "normal" return on time (labor service) and capital…

Q: A good's demand is given by: Q = 100 - 20P. At Q = 20, what is the point price elasticity?

A:

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A: GDP stands for Gross domestic product which include value of goods and services produced within the…

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Q: 3. Problems and Applications Q1 Indicate what components of GDP (if any) each of the following…

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A: In economics, the term poverty is used to explain the economic situation when some people are unable…

Q: Required information E8-6 (Algo) Recording Depreciation and Repairs (Straight-Line Depreciation)…

A: Equipment cost Cost = 415,000 Accumulated dep = 191,000 residual Value = 33,000

Q: Consider the following data: −9,13,−14,−14,−9,−14,−9−9,13,−14,−14,−9,−14,−9 Copy Data Step 3 of…

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Q: For the cost function C(Q) = 100 + 4Q + 19Q2 + 2Q3, what is the marginal cost of producing the…

A: Answer to the question is as follows:

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A: Wage in good economic times = 39 Wage in bad economic times = 27  Maximum number of hours that can…

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A: GDP is the market value of final goods and services produced by a nation under its domestic…

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A: Nominal GDP is an appraisal of economic production in an economy however remembers the ongoing costs…

Q: A progressive income takes a ncome O flat; declines O larger; rises smaller; rises percentage of…

A: An income tax is a tax forced on individuals in regard of the income earned by them. Income tax for…

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Q: 1. Give 1 problem associated with Monopoly market structure and explain why.

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Q: If 45 units are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute…

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Q: Suppose that the world's current oil reserves is R = 2060 billion barrels. If, on average, the total…

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Q: a. Tattoo artists are required to be licensed. Use a graph to show how a licensing requirement…

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A: Given information: p(x) = 150 - (x /4) Where p(x) is the price of the bicycle sold (in Rands) x is…

Q: What is the amount of the quartery deposits A such that you w able to withdraw the amounts shown in…

A: Let Quarterly Deposit = A r = 8%/4 = 2%

Q: The expected real rate of interest is 0.5%, actual inflation over the last year was -0.05%, anc the…

A: Interest rate is the amount charged over and above the principal amount by the lender from the…