ISBN 781259291821
Required
MACRO ECONOMY TODAY
Complete Question: 8 on page 42 in 14 th edition ( quoted below ) and A and B and C and D mentioned below :
8. Should the government try to equalize incomes more by raising taxes on the rich and giving more money to the poor? How might such redistribution affect total output and growth?
A.. Do we need more or less government intervention to decide WHAT, HOW, and FOR WHOM? Provide specific examples.
B: Look at Fig. 2.2 on page 34 in 14 th edition ). Explain the figure and give the implication in detail.
C .(Do not get confused . this part C has a few sub-parts as under ) , answer the question parts a b c and d , as follows : How might the following govt. intervention affect a nation's economic growth?? Explain your logic . a. Mandatory school attendance b. High Income tax c. Copyright and Patent protection and d. Political Corruption .
D. Using the data from the endpapers of this book ( page T1),complete the following table : Share of output ( as % of total GDP) Sector 1949 2000 Consumption Investment Government Purchases Exports Imports a, Which sector share has increased the most as percent of total GDP b. Which sector share has decreased the most as a percent of total GDP .
| ISBN | 781259291821 Required MACRO ECONOMY TODAY |
Complete Question: 8 on page 42 in 14 th edition ( quoted below ) and A and B and C and D mentioned below :
8. Should the government try to equalize incomes more by raising taxes on the rich and giving more money to the poor? How might such redistribution affect total output and growth?
A.. Do we need more or less government intervention to decide WHAT, HOW, and FOR WHOM? Provide specific examples.
B: Look at Fig. 2.2 on page 34 in 14 th edition ). Explain the figure and give the implication in detail.
C .(Do not get confused . this part C has a few sub-parts as under ) , answer the question parts a b c and d , as follows : How might the following govt. intervention affect a nation's economic growth?? Explain your logic . a. Mandatory school attendance b. High Income tax c. Copyright and Patent protection and d. Political Corruption .
D. Using the data from the endpapers of this book ( page T1),complete the following table : Share of output ( as % of total GDP) Sector 1949 2000 Consumption Investment Government Purchases Exports Imports a, Which sector share has increased the most as percent of total GDP b. Which sector share has decreased the most as a percent of total GDP .
