Answer | | a tank purchased by the federal government | | | welfare benefits | | | teacher's salaries paid by a local government | | | a bridge purchased by the state government | 10 points Question 5 1. In periods when prices are falling, on average, Answer | | real GDP will grow as fast as nominal GDP. | | | real GDP will grow faster than nominal GDP. | | | real GDP will grow slower than nominal GDP. | | | one cannot calculate real GDP.
,Sarah L. G January 6, 2013 Written Assignment #1 1. A) $1,000 with 5% interest after 10 years gives you $1,628. Therefore, you would gain $628 in interest. B) If the interest is withdrawn each year, a total of $500 would be earned because the $1,000 investment would earn $50 of simple interest each year. C) The answers are different because if the interest is left untouched, it makes the principal amount higher each year, giving more money after 10 years.
The real wage and rental price of capital also increase by 10 percent. Question 4 (15 marks) a) Public saving equals T-G. An increase in government spending, G, reduces public saving. b) Private saving equals Y-T-C. An increase in government spending does not affect private saving. c) National saving equals Y-C-G. An increase in government spending reduces national saving by an amount equal to the increase in government spending. d) The equilibrium interest rate increases to bring desired investment into equilibrium with the reduced quantity of national saving.
In fiscal year 2008, Home Depot Incorporated generated $5.5 billion of cash flow from operations and used $2.0 billion to repay short-term debt and other obligations plus $1.8 billion for capital expenditures and $1.5 billion in dividends. Investment activities did change significantly. The purchasing and sale of investments was reduced along with capital expenditures. There was net outflow of cash in terms of investing activities (Phillips, Libby, Libby,
SciTronics had a total of $ 102,000 (75,000 + 27,000) of capital at year-end 2008 and earned before interest but after taxes (EBIAT) $ 16,120 (avg. tax rate = 38%) during 2008. Its return on capital was 15.8% in 2008 which represented an increase from the 8.7% earned in 2005. 4. SciTronics had $ 75,000 of owners’ equity and earned $ 14,000 after taxes in 2008.
Summary:Paul Krugman's “Degrees and Dollars” In his article “Degrees and Dollars” Paul Krugman states that education is not key to economic success. Technology keeps growing everyday and Paul shows that this technology is harming highly educated jobs. He also is showing that middle class jobs are becoming less popular while low wage jobs seem to be increasing. Krugman will also explain his thoughts on how to fix the economy as a whole through bring the society together as a whole. In his first section Paul says that “It is universally acknowledged that education is the key to economic success.” He is actually just stating that to make a generalization of most of the worlds thoughts on education and job success, because right after he makes that statement he goes on to say that “what everyone knows is wrong.” Krugman says that the growing technology and use of software is extremely cheaper than the “old fashioned” way of doing things.
As of the end of the fiscal year, June 30, 2012, a determination has been made that the fair value of the stocks held by the pension plan had decreased by $ 60,000; the fair value of bonds had increased by $35,000. Temporary accounts for the year were
Assume that the population decreases according to the exponential model. 64) Suppose the consumption of electricity grows at 8.9% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundreth. 65) The purchasing power of a dollar is decreasing at the rate of 8.5% annually, compounded continuously.
IMPACT OF HIGHER EDUCATION ON THE ECONOMY ECON645-0340602 JULY 13, 2014 INTRODUCTION Does higher education matter to our economy? Is taking on the enormous debt to pay for a degree worth the gamble? Recent studies provided by Pew Research suggest that not only is a college degree the best investment towards future earnings, it promotes economic well-being and career attainment (Pew Research, 2014). Quantified benefits of a higher education include Private economic benefits: higher salaries and benefits, lower unemployment, higher savings, better working conditions, and personal/professional flexibility. Public economic benefits: decreased reliance on public assistance, increased tax revenue, greater productivity, increased consumption, and increased competitive advantage (through human capital).
If there is a recession next year (a decline in GNP), sales are expected to be $85 million. MICHTEC’s economists have estimated the chances that the economy will be either expanding normal, or in a