Eco335 Review Questions Exam # 1 Exam # 2 Exam # 3 3/20/2011

Farm Product Prices

3/20/2011 Figures 7 & 8 Total Tax Burden & Benefits Received

3/20/2011 Tables 5 & 6 Income and Tax Burdens html

3/20/2011 Tables 7.1, 2.3 & 3.1 Taxes, Spending and Deficits ricals

3/20/2011 Table E.11 Deficits and Debt HistoricalTables%5b1%5d.pdf

Can You Balance the Budget? /can you balance the federal budget.pptx /can you balance the federal budget.pptx 3/20/2011

Table 4 Poverty Rates pdf

Stock Market Prices (DJIA, S&P, NASDAQ) 3/20/2011

Economic Growth Labor Productivity Trends 3/20/2011

Eco335 Links Financial Crisis & Mortgages homeowners/ ?a_dgi=aolshare_ homeowners/ ?a_dgi=aolshare_ US Senate Bipartisan Report on Financial Crisis Brookings Financial Crisis Report Wall Street Journal AIG Taxes Deficits Tables 2.3 & – Table E _1_2010.pdf 12_1_2010.pdf Quality of Well-Being Comparisons to US

Financial Reform New Way to Measure Inflation zine+channel_news+-+technology zine+channel_news+-+technology Health Care Medicare & Medicaid Private Health Insurance Obama Reforms Obama Reform Timeline Obama Reform Details Conservative Objections & Proposals – Heritage1 Heritage1 – Heritage2 Heritage2 – Heritage3 Heritage3 – Republican Budget Committee Chairman Paul Ryan Proposal Republican Budget Committee Chairman Paul Ryan Proposal 3/20/2011

Eco335 TakeHome Assignment State of the US Economy: The purpose of this assignment is to familiarize you with the present state of the US economy. By examining a variety of sectors, you will be able to explain where the US economy “is” right now, where it used to be, and what’s likely to happen in the near future. Students may discuss what they have found in the discussion forum on the course Blackboard site. Specifics: You must investigate the behavior of the economy characteristics listed below. Some are reported as annual values, so you should examine the past 20 years of values. Some are reported as monthly values, so you should examine the past 15 years or so. Some are reported as weekly values, so you should examine the past 4 years or so. For each characteristic, you should examine how it has behaved over time, focusing on when it peaked, when it bottomed out (& by how much), and how much it has since recovered. You can find data and charts for almost all of the series at the following websites: FRED Economic Statistics of the FRB of St. Louis. State level data is available on the GEOFRED tab. Yahoo’s Finance website Conference Board’s forecast for the US and World economies Commodity Prices (Corn & Wheat)

Traits to be Studied: Jobs – Employment, Unemployment, Median Duration of Unemployment & Civilian Employment to Population Ratio Incomes – Disposable Personal Income, Personal Savings Rate, After Tax Corporate Profits and Consumer Sentiment Production – Real GDP % change in the US and Europe & productivity (output per hour worked) numbers International Trade & Finance – Exports, Imports, Trade Deficit and Net Lending/Borrowing in National Income Accounts Federal Operating Finances – Federal Receipts, Federal Expenditures, Federal Savings (=Budget Balance) Federal Debt – Total Public Federal Debt and Federal Debt Held by Foreigners Commodity & Energy Costs – Corn, Wheat, Crude Oil & Natural Gas Spot Prices Interest Rates & Inflation – Prime Rate, 30 Year Mortgage Rate, CPI Inflation Housing – Housing Starts, Prices, Owners’ Net Equity, Household Mortgage Debt & Home Ownership % Banks – Commercial Bank Total Loans & Leases, Adjusted Bank Reserves, Discount Window Borrowing & US Government Securities held by Commercial Banks Exchange Rates - $ to Euro, Yen & Chinese Yuan values Stock Prices – S&P500, Dow Jones Industrials, DAX (Germany), Nikkei (Japan) & Hang Seng (Hong Kong) State by State Comparisons (use GEOFRED data) – Real GDP % change, Unemployment & Employment % change, Homeownership and Home Vacancy % US & World (EU zone, Japan, China) Economic Forecast – Real GDP, Consumption, Housing, Capital Investment, Net Exports 3/20/2011