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Has your productivity changed since you began college? What caused the productivity changes? How could you increase productivity further?
Why doesn't the federal government add the present value of its long-term liabilities for Social Security and Medicare to its budget reports each year?
Why is it so difficult for the federal government to run a budget surplus? What is one benefit to business when the government budget is in surplus?
Do you think the United States is still on the right side of the Laffer curve today? Why or why not?
Explain how this progressive tax structure acts as an automatic stabilizer for the economy.
What makes this issue of growth so important? Is a long-term growth rate of 1.4% so different from 3.4%?
Under what assumptions would China have a larger economy than the United States in 50 years?
How do these activities square with the assumption of competitive labor markets and flexible wages assumed by classical economists?
Contracts are not upheld, and lawlessness is the order of the day. How could an economy operate and grow in this environment?
What suggestions would you give the foundation to help these developing nations grow?
What is required for a person to be considered unemployed? How is the unemployment rate computed?
Other than reductions in interest rates that increase the level of investment, What other factors would result in higher investment at existing interest rates?
What is the MPC equal to? The MPS? How much would government spending have to rise to move the economy to full employment?
Describe the important difference between the average propensity to consume (APC) and the marginal propensity to consume (MPC).
Why is this survey important as a tool in forecasting where the economy is headed in the near future?
If these markets are not highly competitive, what might that mean for the conclusion by classical economists that full employment will typically prevail?
One of the potential negative consequences of both economic and population growth. What kind of activities might prevent this from happening?
What are some of the limitations to using per capita income as a measure to compare the wellbeing between countries?
Higher levels of savings and investment lead to greater rates of economic growth. What can government do to encourage more savings and investment?
What role might foreign investment play in helping developing nations improve their growth rate and increase income levels?
How can it be true that employment grows faster than population? Further, the number of people unemployed has only risen 5%.
Why Would such a report have an impact on the labor force? Would it affect the unemployment rate?
Were these people frictionally, structurally, or cyclically unemployed? What policies might government implement to reduce impact of this type of unemployment?
If you lived in a country where you saw the signs of government beginning to spend excessively. What would you do to protect yourself and your monetary assets?
Isn't this just another consumer purchase of housing services? How would the sale of an existing house be treated in the GDP accounts?