The excess burden measures the loss in net benefits from private uses of resources that results when a price distorting tax prevents markets for taxed goods and services form attaining efficient output levels thus leading to market failure.
Faimus answered the question on February 25, 2019 at 19:01
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a) Consider the following data
Date-----Exchange rate
January 2017----EURUSD 1.100
December 2017----EURUSD 1.144
Take USD as the home currency.
According to purchasing power parity which currency area should have had the higher rate of inflation by 2017 and by how much?
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C) What is the implication of a change in real exchange rate of a currency?
d)
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Date posted: February 16, 2019. Answers (1)
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GBPUSD 1.2970
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Date posted: February 16, 2019. Answers (1)
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