lecture78 - MACROECONOMICS 73-200 Lectures 7 & 8...

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MACROECONOMICS 73-200 Nicolas Petrosky-Nadeau This version: September 14, 2010
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Plan for Today (and next week) 1) The Government 2) Competitive Equilibrium Definition Characterization 3) Pareto Optimality Keep in mind: first midterm on Sept. 27th To lecture 8
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The Government
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The Government: Data Size of the government: Employed (2008) Federal : 2,768,886; State and Local : 16,668,184 from the Census Government expenditures (2008): 2,518.1$ (in billions) (19 . 9% of GDP)
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The Government: the most recent Data
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The Government: in the news and around the world Source: New York Times
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Governments in Europe Source: New York Times
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Governments in Europe: the burden of debt Source: New York Times
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Governments in Europe: budget deficits Source: New York Times
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Governments in Europe: interest rates Source: New York Times
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The Government: Data 10 UPDATED SUMMARY T Policy Outlays by Category Other Mandatory Programs Net Interest Disaster Costs Overseas Contingency Operations Non-Defense Discretionary Social Security Medicare Medicaid Policy Revenues by Source Borrowing and Other Net Financing Social Security Payroll Taxes Excise Taxes Corporation Income Taxes Unemployment Insurance Medicare Payroll Taxes Individual Income Taxes Other Miscellaneous Receipts 2010 2010 2013 2013 Borrowing and Other Net Financing Social Security Payroll Taxes Excise Taxes Unemployment Insurance Medicare Payroll Taxes Individual Income Taxes Other Miscellaneous Receipts Disaster Costs Overseas Contingency Operations
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This note was uploaded on 07/15/2011 for the course ECON 73-200 taught by Professor Nicolaspetrosky-nadeau during the Spring '10 term at Carnegie Mellon.

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lecture78 - MACROECONOMICS 73-200 Lectures 7 & 8...

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