Category Archives: Economics

What are some economic and political reasons why it may be difficult to increase taxes to raise revenues?

Answer the questions after reading the instructions with the attachment file> 1.What criteria did you use to decide which areas received the most or least amount of the budget? What is your rationale for your funding decisions? 2.What are some economic and political reasons why it is difficult to cut spending from the current high levels? 3.What are some economic and political reasons why it may be difficult to increase taxes to raise revenues? 4. How much of the budget deficit were you able to cut by 2030? If you were able to reach the 2030 figures what are the implications of your cuts economically and for you politically? If you were not able to reduce the budget deficit then, what are the implications of your decision economically and for you….

Suppose the following are national accounting data for a given year for Malaysia (hypothetical data). Amount (Billions $AUD) Consumption of fixed capital 285 Gross

Question 8: Suppose the following are national accounting data for a given year for Malaysia (hypothetical data). Amount (Billions $AUD) Consumption of fixed capital 285 Gross private domestic investment 725 Government consumption expenditures 720 Government investment expenditures 165 Imports -550 Exports 625 Household consumption expenditure 3010 Net property income paid overseas -35 4 (a) Calculate GDP and the country’s gross national expenditure using the expenditure approach; (b) Derive the country’s gross national product (GNP); (c) Derive the country’s net national product (NNP); (d) Derive the country’s current account balance; (e) Derive the country’s gross national savings. (2 marks each) Question 9: (2.5 marks each part) Using the aggregate demand-aggregate supply (AD-AS) diagram, show how the four economic events would affect economic activity, the price and employment levels. (Note:….

Describe the economic impact of the law. Provide specific economic data from credible references

Choose 1 U.S. environmental law. State the name of the law and the date the law was passed. Summarize the major provisions of the law that you chose. • Choose 1 U.S. environmental law. State the name of the law and the date the law was passed. • Summarize the major provisions of the law that you chose. • Describe the economic impact of the law. Provide specific economic data from credible references. • Has the law improved the environment or situation? Provide specific data from credible references. • Do you think that sound science has proven that global warming is a credible threat or not? • Should the United States adopt additional policies or laws to curb greenhouse gas emissions? • What should these policies or laws….

Describe the impact on the aggregate demand and supply curves, along with the impact on inflation and unemployment

Write a short (2-3 page, typed, double-spaced) essay. Conduct a thorough analysis of both the classical economic model and the Keynesian economic model. Describe the impact on the aggregate demand and supply curves, along with the impact on inflation and unemployment. Remember to cite your research and not to plagiarize. MACROECONOMICS

How might we expect the elasticity of demand for labour to change between in the short term and the long term and why?

Labour markets Why does a firm employ labour up to the point where wage = MRP. Why does this give us a negative slope for the demand curve for labour?  [4]

 

How might we expect the elasticity of demand for labour to change between in the short term and the long term and why? How does this news story confirm your argument?

  http://www.bbc.com/news/world-us-canada-42170100 [3]  

i) Theory tells us that as productivity increases (MRP) then so should the wage.

What do these graphs tell us has been happening since about 1975? [1]

ii) If the returns to labour are falling, who is benefitting from this increase in productivity? [1]

iii)  What problems might be caused by this shift and what could be done about it? [3]….

Independent Speedy Printing (ISP) purchased a printing press for $12,000. The annual operating and maintenance costs of this equipment are $3,500

, increasing by $1,000 per year as the printing press gets older. The resale value at the end of the first year is $8,000, reducing by $2,000 each year. If the cost of money is assumed to be 20%, what is the economic life of this press? Do not consider depreciation and tax effects. Assume ISP uses straight-line depreciation, six-year life, and zero resale value for depreciation purposes. Its aggregate tax rate is 40%, and it has a MARR of 10%. What is the economic life of this press? ISP is profitable and can use the tax effect of depreciation.

A local newspaper purchased a color photography and reproduction system for $28,000. The annual revenue from the work of this system is $20,000 for the first year

, decreasing by $500 due to reduced productivity. Annual operating and maintenance costs are $10,000 for the first year, increasing by $300 per year. The resale value at the end of the first year is $18,000, reducing by $4,000 each year until year 4 and remaining at $6,000 thereafter. The Page 190 newspaper company uses straight-line depreciation, a five-year life, and zero resale value for depreciation purposes. Its aggregate tax rate is 55%. The company is profitable and can use the tax effect of depreciation. a. If the cost of money is assumed to be 5%, what is the economic life of this system? b. If at the end of the fourth year of operation the company is offered a price of $12,000 for the system, what would….

The College Park Sheet Metal Works (CPSMW), a very profitable Maryland corporation, purchased a press for $18,000

The annual operating and maintenance costs of this equipment are $3,000 for the first year, $3,500 for the second year, $5,500 for the third year, and they increase by $2,500 every year after that. The machine produces a sale of $13,000 per year. The resale value at the end of the first year is $12,000 and it reduces by $3,000 each year. CPSMW uses straight-line depreciation, a five-year life, and zero resale value for depreciation purposes. If the cost of money is assumed to be 10%, and its tax rate is 30%, what is the economic life of this press?  

A local newspaper purchased a color photography and reproduction system for $28,000. The annual revenue from the work of this system is $20,000 for the first year,

decreasing by $500 due to reduced productivity. Annual operating and maintenance costs are $10,000 for the first year, increasing by $300 per year. The resale value at the end of the first year is $18,000, reducing by $4,000 each year until year 4 and remaining at $6,000 thereafter. The Page 190 newspaper company uses straight-line depreciation, a five-year life, and zero resale value for depreciation purposes. Its aggregate tax rate is 55%. The company is profitable and can use the tax effect of depreciation. a. If the cost of money is assumed to be 5%, what is the economic life of this system? b. If at the end of the fourth year of operation the company is offered a price of $12,000 for the system, what would be….