Tax Cuts and economic activity

In 2003, the Internal Revenue Service began to mail out refund checks because of a change in the tax law. Economic forecasters predicted that consumption and GDP would increase because of higher refunds on income taxes. Do you feel the tax cuts from the past few years have been successful in promoting economic growth or in preventing a deeper decline? Are there other changes to fiscal policy that you feel would have been more successful?

Government expenditure policy/2483

Let us suppose a country faces domestic unemployment and a surplus in its balance of payments. Explain in detail the expenditure-changing policies required to cure the unemployment. What would happen to the nation's external balance? Why?

Economics: GDP, GNP, net exports

DATA ARE IN TRILLIONS OF DOLLARS Personal consumption expenditures $3.0 Net private domestic investment 1.4 Depreciation 0.2 Government purchases of goods and services 2.0 Exports 0.5 Imports 0.3 Foreign factor income 0.1 The economy's GDP is _________ trillion. a. 6.6 b. 6.8 c. 7.2 d. 7.4. The economy's GNP is _________ trillion. a. 6.6 b. 6.7 c. 6.9 d. 7.9. The economy's net exports are _________ trillion. a. 0.4 b. 0.5 c. 0.3 d. 0.2.

Economic Statistical anaylsis

Ceteris paribus and comparative statics are commonly vehicles for economic analysis. Explain using the dramatic, large scale expansion of soy bean purchases by China (2003, 2004 and beyond).

Policy in the war on drugs supply side

1-Discuss the limitations of the U.S. "supply side" policy in the war on drugs. Can we win the war on drugs? explain your position on legalization. Why does prohibitionism policy by gov. lead to a) an increase in poverty crime, b) an increase in violent crime, particularly crimes with handguns?Discuss in terms of the pros and cons of legalization. 2-Discuss some theories or explanations of why the crime rate fell in the 1990? Murders are now on the rise again. Why? What role does demographics play-to what extent are youth actually responsible for the increase in murders> What type of data would you need to test the hypothesis that predatory youth are responsible for the increase in murde... click for more