(Note: Rounding your answer to the nearest tenth if you have decimal points) When you click the Bureau of Economic Analysis (BEA) from the US Dept of Commerce, you can find numerous up-to-date economic data. Click the Gross Domestic Product (DGP) to get the national income data. As you will find in the textbook, macroeconomics focuses on four components: households, firms, the government including federal and local governments, and the rest of the world (the international sector). Using the 2018 Q3 (third quarter) gross domestic product table from the BEA site, what is the composition (in percentage format) of these four groups for: personal consumption? gross domestic investment? net export? government consumption? services among personal consumption? export? imports? federal government expenditure? state and local government? % %

What are the Revenue projects?

There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below.   Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190

There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. If the tenants have the right to be free of loud music enforced through aproperty rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. ZeroB. OneC. TwoD. ThreeE. It depends on transaction costs