The Democrat Party is the home for racists in this country; it has cost the US at least $16 trillion over the years due to corruption, inefficiency, worthless government programs, loss of lives, draining of human initiative, destruction of families. If the government collects $1.5 trillion in personal taxes, then disposable income will be: $10.5 trillion - Suppose that this year's nominal GDP is $16 trillion. Add your answer and earn points. Even though the government owes 16 trillion of its power, it still has a lot of power left. Now, assume that the central bank increases the money supply by 6%. Claim: "The Democrats’ plan to completely takeover American energy and completely destroy America’s economy through their new $100 trillion Green New Deal." Also suppose that across the whole economy, personal income is $12 trillion. The US government has racked up $16 trillion in debt. Not acting on the problem is going to keep costing higher and higher dollars for the country. If the country experienced 20% inflation over those ten years, what was percent increase in real GDP kaylagillner6234 is waiting for your help. (Related to Solved Problem 16.4 on page 570 ) Suppose that real GDP is currently $\$ 17.1$ trillion, potential GDP is $\$ 17.4$ trillion, the government purchases multiplier is $2,$ and the tax multiplier is $-1.6 … A 2019 study from Illumen Capital found that $35 trillion of capital would be allocated differently, were it not for racial and gender bias. The US debt is now bigger than the entire US economy. Assuming this is a closed economy, calculate consumption, government purchases, national saving, and investment. The “U.S. Wealth is just a measure of power. Suppose the economy is in long-run equilibrium, with real GDP at $16 trillion and the unemployment rate at 5%. Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. The $16 trillion drag on the U.S. economy since 2000 is particularly felt in the area of capital investment of black-owned businesses. 5E 120 pts Suppose that the relationship between the number of workers and real GDP is given by the table below and diagram to the right S Labor input per year (millions of workers) 120 130 140 150 160 170 Real GDPyr ($ trillions) 12.00 14.00 16.00 18.00 20.00 22.00 Hourly wage rate 2- a. Suppose the economy is in long-run equilibrium, with real GDP at $16 trillion and the unemployment rate at 5%. “Economist who says racism costs the U.S. $16 trillion” I agree with the conclusion, although my logic is slightly different. GDP totaled $19.5 trillion last year,” the study explained. a. Illustrate the short-run effects on the macro economy by using the … Suppose GDP was 10 trillion in 2000 (in 2000 dollars) and 15 trillion in 2010 (in 2010 dollars). Money derive its value from purchasing power. 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