On the diagram below, which of the following indicates winter in the northern hemisphere?

On the autumnal equinox, the most direct incoming radiation from the sun will be

In the center of a gyre, there is ________________ of water

Scenario 6-1. Austin and Joel both work and earn $50,000 per year. Assume all income is consumed (c). There is a 2% chance  Austin will become injured and earn no income. There is a 8% chance that Joel will become injured and earn no income. Austin and Joel both have utility function Refer to Scenario 6-1. Suppose full insurance is offered and the premium is $2000 per year. Which is correct?

Scenario 4-2. Suppose there are three residents in a neighborhood, Barbara, Cole, and Dawn. They are considering the allocation of a certain public good in the neighborhood. Barbara’s demand for the public good is P = 120 – Q. Cole’s demand for the public good is P = 100 – Q. Dawn’s demand for the public good is P = 80 – Q. If your answer is not a whole number, please make sure to round to the nearest hundredth.Refer to Scenario 4-2. At what price is the socially optimal number of the public good produced equal to 40 units? Please do not enter the dollar sign in your answer.

Scenario 3-2 Consider a market with the following supply and demand curves: Qd= 50-2P and  Qs=P-10 Suppose the government charges the producer a tax of 3 dollars for each unit sold.Based on Scenario 3-2 What is the tax revenue?

Table 3-4 Federal Government receipts and expenditures and nominal GDP, billions of dollars.   1967 1978 1984 1999 2009 2018 Tax Receipts 108 280 410 1175 1124 1956 Other Receipts 38 144 302 732 1116 1542 Government Purchases and Subsidies 92 173 317 501 993 1121 Government Transfer Payments 52 234 397 986 2141 2846 Interest Payments 22 79 194 352 355 541 Net Government Investment 9 5 25 -3 49 4 Nominal GDP 860 2,352 4,339 9,631 14,449 20,580 Source: Bureau of Economic Analysis Assume the table above represents all federal government revenues and expenditures. Refer to table 3-4. Calculate the government budgetary position in 1984 in billions of dollars.  If the budget is in deficit, enter a ‘-‘ sign before the value. Do not enter a ‘$’ sign.

Table 3-2 below shows the marginal income tax rates for some economy. Income Marginal Tax Rate $0-$20,000 10% $20,001-$80,000 12% $80,001-$160,000 22% $160,001-$310,000 24% anything above $310,000 30% Refer to Table 3-2. Suppose Individual A has an income of $1,000,000. What is amount of tax that is paid for Individual A? In your answer, do not enter a dollar sign.

Refer to the Table 3-1 below, which shows an economy where individuals live for two periods. Those who are young in one period become old retirees in the next. Suppose in Period 1, there was no Social Security program. In Period 2, the program begins and the young of that period pay tax to fund the program for the current retirees. In Period 5, suppose the Society Security program abruptly ends (such that retirees in Period 5 do not receive any benefits, and workers do not pay the tax towards Social Security). Suppose the payroll tax to support Social Security is 10%. Table 3-1: Period Number ofYoung Workers Earnings perYoung Worker Taxes Paid forYoung Worker Total TaxesPaid Number ofOld Retirees Benefits toOld Retirees Taxes Paid byOld Retirees Rate ofReturn 1 500 $10,000 0 0 0 0 – – 2 525 $10,500 $1,050 $551,250 500 $1,102.50 0 Infinite 3 552 $11,025 $1,102.50 $607,753.10 525 $1,157.62 $1,050 10% 4 579 $11,576 $1,157.63 $670,048.80 552 $1,213.86 $1,102.50 10% 5 608 $12,155 0 0 579 0 $1,187.63 -100% Based on the information given in Table 3-1, Young workers of which period are the ones who are most happy with this Social Security program?

Table 3-4 Federal Government receipts and expenditures and nominal GDP, billions of dollars.   1967 1978 1984 1999 2009 2018 Tax Receipts 108 280 410 1175 1124 1956 Other Receipts 38 144 302 732 1116 1542 Government Purchases and Subsidies 92 173 317 501 993 1121 Government Transfer Payments 52 234 397 986 2141 2846 Interest Payments 22 79 194 352 355 541 Net Government Investment 9 5 25 -3 49 4 Nominal GDP 860 2,352 4,339 9,631 14,449 20,580 Source: Bureau of Economic Analysis Assume the table above represents all federal government revenues and expenditures.Refer to table 3-4.  Price level as measured by the CPI was 104 in 1984 and 251  in 2018. Calculate the value of tax receipts in 1984, adjusted to 2018 dollars. Round to the nearest whole number and do not enter a ‘$’ sign.