What is meant by dynamic scoring of the budget? Why does dynamic scoring potentially lead to more realistic estimates of the “true” effective size of a budget deficit? What are some methodological issues involved in dynamic scoring? You can read more about dynamic budget scoring in Chapter 5 of the Council of Economic Advisors2004 Economic Report of the President. The Council of Economic Advisers’ Website is www.whitehouse.gov/cea, and at the time of this writing the Economic Report of the President could be found at www.gpoaccess.gov/eop/index.html.
Answer to relevant QuestionsConsider the same highway paving project from question 8. A second politician says to you, “At an interest rate of 6%, the project is a bad idea. Over 10 years, the project reduces maintenance costs by a total of $3 ...In the Midwestern United States, where winds tend to blow from west to east, states tend to more easily approve new polluting industries near their eastern borders than in other parts of the state. Why do you think this is ...The marginal damage averted from pollution cleanup is MD = 200 – 5Q. The marginal cost associated with pollution cleanup is MC = 10 + Q. a. What is the optimal level of pollution reduction? b. Show that this level of ...Think about the concerns about the original 1970 CAA described in the text. To what degree did the 1990 amendments to the act address these concerns? Explain your answer. When Wisconsin had lower drinking ages than its neighboring states, it experienced higher levels of alcohol-related crashes in its border counties than in other counties in its interior. What does this finding imply for the ...
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