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Evaluating Economic Growth: Methods And Implications

This Homework Answers document explores different ways to measure and analyze economic growth. Get it today!

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Evaluating Economic Growth: Methods and ImplicationsWho do the two animals holding the papers represent?The animal holding the papers represent thedemocrats and republicans.What are they looking at?They are looking at themoney in thetreasury.What are the two animals deciding?The two animals are deciding on how tospendthesurplus or“delusional money".Since, in reality thereis no surplus;the money is obtained by selling bonds which is debt or by printing money which isinflationary.How do the two animals differ on how the surplus should be spent?Democrats want to use it for government controlled welfare programs while republicans want to give itback to the people in the form of a tax cut.How is the national debt represented in the cartoon?National debt is representedby a big guy on the side with a T-shirt that says national debt.Why do some economists consider the national debt a problem?The problem with national debt is that it reduces the money available for business to invest, as most ofthe people invest money on government bonds than on private business. The other problem is that themore the amount of debt more the government has to pay the interest which can be usedin otherproductive areas.What else does the cartoonist imply Congress might do with the surplus?Cartoonist implies that congress might pay off the national debt.Since, increasing debt is not good foreconomy.

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Economics

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