Q1. In your opinion, in your own words should the United States lead globally? Explain why or why not?
If yes, Illustrate factors combine to contribute to the appropriateness of the U.S. which is leading the world?
If no, Illustrate factors combine to contribute to the inappropriateness of the U.S. which is leading the world?
Q2. Which resource of production is the only one which nations can significantly increase in the short term?
Q3. If mpc=.75 and government decreases taxes by 10 billion, find the tax multiplier and then Find out the expected change in real GDP.