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Explain how an increased federal budget deficit

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1. Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.;2. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.;3. Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.;4. Although GDP per capita is the most commonly used measure of a country?s success, many economists believe it does not give an accurate measure of a nation?s economic well-being. Some studies have concluded that that GDP is not the best measure of well-being, and although it may be the best available on a timely basis, other factors need to be considered in addition to GDP to give a more accurate picture of economic well-being and the disparity of well-being between nations.;Clearly identify at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.;May I used the $50.00 for these questions instead of the other which were not answered? Also the due date for these questions are for the week of February 4th 2011.;Thank You;Zelinda Baker; You asked;Assignment # 2 ? Markets and the Economy;1. Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.;2. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.;3. Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.;4. Although GDP per capita is the most commonly used measure of a country?s success, many economists believe it does not give an accurate measure of a nation?s economic well-being. Some studies have concluded that that GDP is not the best measure of well-being, and although it may be the best available on a timely basis, other factors need to be considered in addition to GDP to give a more accurate picture of economic well-being and the disparity of well-being between nations.;Clearly identify at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.;May I used the $50.00 for these questions instead of the other which were not answered? Also the due date for these questions are for the week of February 4th 2011.;Thank You;Zelinda Baker; You asked;Assignment # 2 ? Markets and the Economy;1. Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.;2. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium.;3. Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.;4. Although GDP per capita is the most commonly used measure of a country?s success, many economists believe it does not give an accurate measure of a nation?s economic well-being. Some studies have concluded that that GDP is not the best measure of well-being, and although it may be the best available on a timely basis, other factors need to be considered in addition to GDP to give a more accurate picture of economic well-being and the disparity of well-being between nations.;Clearly identify at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.;May I used the $50.00 for these questions instead of the other which were not answered? Also the due date for these questions are for the week of February 4th 2011.;Thank You;Zelinda Baker

 

Paper#31036 | Written in 18-Jul-2015

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