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...  DO NOT open the cover page until you are told to do so.  You have 90 minutes.  DO NOT cheat. If I or one of the proctors suspect that you are cheating or trying to cheat we will mark your exam right away and if you get two marks, your test will be sent to the Dean’s Office.  You are NOT allowed ...
The Economic and Geopolitical Impacts of Global Aging
The Economic and Geopolitical Impacts of Global Aging

... Source: SSA Office of the Actuary (2004) ...
Scandinavian politics and culture
Scandinavian politics and culture

... Sweden spends about 9% of GDP on healthcare (the US spends about 15%) (Consulate General of Sweden) ...
Chapter One Study Guide - Liberty Union High School District
Chapter One Study Guide - Liberty Union High School District

... fertile while another country is better at producing manufactured goods because they have skilled workers. If each country produced their specialty and traded, would there be more or less total output than if each country produced and attempted to satisfy their own agricultural and manufacturing nee ...
Presentation
Presentation

... • The mechanisms of income deflation imposed on the working population in the era of globalization are different from those in the colonial period, owing to the absence of any direct political control by the metropolis. • “De-industrialization”, defined broadly as the displacement of several petty ...
AP Macro Economics Chapter Eight Introduction to Economic
AP Macro Economics Chapter Eight Introduction to Economic

... "For every 1 percentage point that the actual unemployment rate exceeds the natural rate, a 2 percentage point GDP gap occurs." This is a statement of Okun's law. ...
Running Out of Other People`s Money
Running Out of Other People`s Money

... almost $25 trillion. The so-called Trust Fund is simply an accounting measure, specifying how much money the federal government owes the program out of general revenues, not an actual asset that can be used to pay benefits. At the same time, Social Security taxes are already so high that most young ...
Latin American Financial Crises and Recovery
Latin American Financial Crises and Recovery

... • caused deterioration in external accounts and dampened incentives to invest to increase domestic productivity. • Capital inflows had little impact on domestic savings, and were primarily in portfolio assets rather than real assets. While Latin American countries were praised for their good “macroe ...
Fiscal Policy
Fiscal Policy

... As foreigners buy more dollars to buy U.S. bonds and other financial assets, the dollar appreciates. In turn, the appreciation of the dollar causes net exports to fall. Thus, as a result of increased budget deficits, higher interest rates trigger reductions in both private investment and net exports ...
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... Fig. 9-7: Daily available calories per capita as percent of requirements. In MDCs, the average person consumes one-third or more over the required average minimum, while in LDCs, the average person gets only the minimum requirement or less. ...
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A Recovery for All: Current Public Expenditure

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THE FIRST-WORLD DEBT CRISIS IN GLOBAL PERSPECTIVE

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Chapter 16_20e
Chapter 16_20e

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National Income: Where It Comes From and Where It Goes
National Income: Where It Comes From and Where It Goes

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Estimating the Effects of Fiscal Policy in OECD Countries March 4, 2005
Estimating the Effects of Fiscal Policy in OECD Countries March 4, 2005

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Fundamentals of Investing Chapter Fifteen
Fundamentals of Investing Chapter Fifteen

... Summarize reasons why people invest, what is required before beginning, how returns are earned, and some ways to obtain funds to invest. Determine your own investment philosophy. Recognize the variety of investments available. Identify the major factors that affect the return on investment. Specify ...
Macroeconomics – Unit 4 Effects of Fiscal and Monetary Policy I
Macroeconomics – Unit 4 Effects of Fiscal and Monetary Policy I

... b. Absorb reserves in the banking system c. Supply of reserves decreases, raising the federal funds rate d. Smaller supply of money causes upward pressure on other interest rates i. The prime rate increases e. Higher interest rates causes a left shift in aggregate demand as consumption decreases du ...
Econ 102 SI
Econ 102 SI

... c. Plot a graph that shows the relationship between r and Y 2. Given the following information on an economy (all numbers are in billion dollars): C=125+0.75(Y-T) I=200-10r G=150 T=100 a. Calculate I and equilibrium Y at r=10 b. Suppose that government purchases increase by $1 billion to $151 billio ...
Second quiz with answers
Second quiz with answers

... Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in several other nations has bounced back more quickly, according to a new analysis by the Bureau of Labor Statistics. The government reported Friday that ...
Download attachment
Download attachment

... and inequities in all forms of private pension provision which cast further doubt on a reliance on finance markets in both state sponsored and personal pension provision. Fourth, more fundamentally, the very focus of pension systems debate and analysis tends to obscure the broader issue of how to pro ...
lseGC_rosewell_growth
lseGC_rosewell_growth

... and challenged. Public sector priority setting is a key element in the investment process, whether there is public sector funding or not. Even where there is a private sector funding, planning processes will still require analysis to meet the standards set by transport policy makers. ...
Eurozone Economic Outlook October 2014: Detailed analyses, figures and tables (PDF, 370 KB)
Eurozone Economic Outlook October 2014: Detailed analyses, figures and tables (PDF, 370 KB)

... In Q3 2014, economic activity is expected to increase again, but only moderately, as geopolitical concerns are still strong and seem to affect investors’ confidence. GDP is projected to increase by 0.2% in the third and fourth quarter, and expand by 0.3% in Q1 2015. This masks increasing asymmetries ...
Reassessing Discretionary Fiscal Policy
Reassessing Discretionary Fiscal Policy

... “Too hot” example from Fed’s Monetary Policy Report, Feb. 2000. • “aggregate demand may well continue to outpace gains in potential output over the near term, an imbalance that contains the seeds of rising inflationary and financial pressures that could undermine the expansion. ... [T]he level of i ...
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1. "Income Inequality and Human Wellbeing"

... national happiness, Social Progress Index, Canadian Index of Wellbeing etc. These methods/indices use commonly used human development and quality of life factors such as employment rate, life expectancy, inflation rate, health & safety etc to assess the composite well being of society. ...
Enc. 5 for Treasury Management Strategy and Prudential Limits
Enc. 5 for Treasury Management Strategy and Prudential Limits

... These are Money Market Funds which maintain a stable price of £1 per share when investors redeem or purchase shares which means that that any investment will not fluctuate in value. Corporate Bonds: ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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