Questions from Macroeconomics

Q: Using data from Table 2.1 (p. 34),

Using data from Table 2.1 (p. 34), illustrate on the following graphs real GDP and population growth since 2000 (in the manner of Figure 2.1) for the nations indicated. Table 2.1: Figu...

Q: Using data from the endpapers, illustrate on the graph below

Using data from the endpapers, illustrate on the graph below (a) The federal government’s share of the total output. (b) The state/local government’s share of total...

Q: If smoking generates external costs, should smoking simply be outlawed?

If smoking generates external costs, should smoking simply be outlawed? How about cars that pollute?

Q: (a) How much more output does the $15 trillion

(a) How much more output does the $15 trillion U.S. economy produce when GDP increases by 1.0 percent? (b) By how much does this increase the average (per capita) income if the population is 300 milli...

Q: According to Table 2.1 (p. 34), how

According to Table 2.1 (p. 34), how fast does total output (GDP) have to grow in order to raise per capita GDP in (a) China? (b) Ethiopia? Table 2.1:

Q: U.S. real gross domestic product increased from $10

U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 1...

Q: Using the data in Figure 2.3, (a

Using the data in Figure 2.3, (a) Compute the average income of U.S. households. (b) If all incomes were equalized by government taxes and transfer payments, how much would the average household in e...

Q: How much more output (income) per year will have to

How much more output (income) per year will have to be produced in the world just to provide the 2.7 billion “severely” poor population with $1 more output per day?

Q: According to Figure 3.3, at what price would Tom

According to Figure 3.3, at what price would Tom buy 12 hours of web tutoring? (a) Without a lottery win. (b) With a lottery win. Figure 3.3:

Q: In Figure 3.8, when a price ceiling of zero

In Figure 3.8, when a price ceiling of zero is imposed on the organ market, by how much does (a) The quantity of organs demanded increase? (b) The demand increase? (c) The quantity of organs supplied...